The Group Managing Director and Chief Executive Officer of Interswitch, Mitchell Elegbe, has emerged the EY Entrepreneur of the year award 2023 West Africa in the masters’ entrepreneur category.

Interswitch is a leading African integrated payment and digital commerce platform company headquartered in Lagos.

The award ceremony, which was held recently in Lago,s saw Elegbe emerging as the winner of the category, thus adding another feather to his many caps of achievements.

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Elegbe, fondly called ‘Mr. Cashless’ in cooperate world, had set the pace for the much-talked-about cashless policy which the Central Bank of Nigeria (CBN) has started implementing.

Elegbe, a graduate of Electrical Engineering from the University of Benin, is an alumnus of the Global CEO Programme organised by IESE Business School, The Wharton School, and China Europe International Business School (CEIBS) for senior executives of organisations.

He heads Interswitch which was founded in 2002 in Nigeria as a transaction switching and processing company with a national focus.

The company has progressively evolved to incorporate consumer financial services with the successive launches of quick-teller, a retail payments ecosystem linking merchants and billers with consumers, as well as verve, a home-grown, EMV-certified payments card scheme.

The over $26bn firm Interswitch has made revenue collection, tax payment, bill payments for distribution companies, cable television subscriptions, interbank transfers, and other seamless cashless transactions.