tundewoods,

I think it's all about competition. Is there any company out there that offers the same things that interswitch does? If not, then therein lies the problem. If there is, then why (at least this is what I get from your post) do pple flock to interswitch in droves.

Referring to your paragraph on GSM, if I recall correctly, they had a monopoly until the other companies came into town. Trust me, when other companies offer the same thing that makes interswitch so "necessary" that pple feel they can't do without it, prices will drop (of course, we are talking about Nigeria where, for the most part, we don't adhere to the natural laws of economics, but again, I could be wrong). I saw it happen in the phone industry and I can guarantee you it will happen with the online payment industry as well.

As always, my 2 cents.

Even the phone industry isn't free of monopoly especially the GSM sector, they could easily form a colluding monopoly and dish out all sorts of rubbish to end users. 3 companies operating is just way to small, more companies should come in and in the long run we'd be getting better service for our money.
About interswitch, its going to make the same mistake intercellular made, some years ago when intercellular arrived in the Nigerian market, they charged 150k just to have a phone, they never thought there would be competition, assuming their prices were reasonable, enough nigerians would hgave acquired it and there would be no reason to use GSm, at leats there are countries who don't use GSm. They could have taken a bigger share of the market, but they failed

humm Tunde maybe having a confrence or seminar for Online Payment system and we can invite them in both e-tranzact and interswitch and talk sense into their block heads maybe they will hear our cry and bring the shit down. i think thats the way forward oo if not i bet they woun't

@Tunde
@my2cents

hello, I agree to the web forum, those guys shud explain why they are charging that much and as ur first post said, the economy and nigerias would be better of with e commerce integrated into the system.
For example, my office is on a skyscrapper and to buy credit for my fone, i have to use the elevator and come all the way down justt to load my phone, PHEW!!!
this was a great challenge until some one introduce me to the site were i could bu credit online, so bye bye to leavin my office anytime ii wanna get credit. I cn do it online and pay for it via ya ATM card. Pronto !! and very easy!!!
Now, as tunde rightly said, if there were so many other services online, life would really be easy, the internet is the new market place and interswitch (for now) is the gateway to the market SO WHY SHUD THE PADDLOCK IT AND DEMAND 150, 000 IN ORDER TO ENTER THE MARKET
They need to answer questions O , like soudo was made to answer questios asper the new naira policy

, any way, thats all for now.

tundewoods ? what is the way forward let strike a deal and send proposal to some ppl for sponsorship i know people will respond and let see what happens tunde ! can we chat abeg "smartsoftngr" thats my ID

Read this: https://www.nairaland.com/nigeria/topic-73953.0.html

life will not end soon, i can bet it, tunde and Smartsoft are planning a conference, Jesus, Wonders would not end,

@Tundewoods, i dont see why you should complain, do you in any sane way think interswitch can handle all the demands nigerians need? comon yure to aged not to know that, running an e payment system that can cater for a rapid expansion is not beans not even in the yankees, we all heard what happend the some of their customers a while back when some smartdudes made a scam site asking ppl to send in their interswitch login details, thats enuff to even kill their bussiness, (the interswitchng.com / interswitchnig.com scam)

Thanks God dey made it, Its a lesson for you cheap web guys out there, always advice your senceless clients to buy out all possible related domains to theirs if possible sef make them redirect to the same site, just to avoid scam, its just 1,500 on nairahost and like 800 on ucv to get a domain,

Timmy where have you been ?

Are you sure you have read the link I posted?