Interswitch Reports 50% Revenue Surge to ₦137.5 Billion as Verve Tops 100 Million Cards

Interswitch, the Nigerian payments infrastructure group, recorded revenue of ₦137.5 billion for the financial year ended March 2025, representing a 50% year-on-year increase from its prior filing. The results were disclosed in December 2025.

Interswitch swung to a pre-tax profit of ₦23 billion over the same period, with after-tax profit of ₦14.7 billion, after a loss in the prior year. Over the same period, Verve, Interswitch's proprietary card scheme, surpassed 100 million cards issued across the African continent.

VERVE CARD SCHEME

Interswitch has spent more than two decades building the switching, processing and identity verification infrastructure that Verve relies upon.

Nigeria contributed 90% of Interswitch's total revenue for the year.

Interswitch was named among CNBC and Statista's Top 300 Global Fintech Companies in July 2025, a recognition the company cited as external validation of its standing in the broader international payments landscape.

OUTLOOK AND LISTING

The company has not provided specific guidance on revenue targets or earnings projections for the coming financial year. Interswitch remains privately held, though it has explored potential listings on both the Nigerian Exchange Group and the London Stock Exchange in previous years without completing a transaction. No timeline for a prospective initial public offering has been confirmed alongside the current results announcement.