Interswitch Uganda CEO, Olumuyiwa Asaagba addressing the media at an event last year
Interswitch Uganda CEO, Olumuyiwa Asaagba addressing the media at an event last year

Interswitch Uganda has revealed that it is to unveil new Automated Teller Machines (ATMs) and Point of Sale (POS) terminals.

The communication was revealed the Chief Executive officer Interswitch Olumuyiwa Asaagba, while addressing the media during the unveiling of a new Brand Identity in Kampala.

He said Interswitch will be introducing new card Known as Verve which he said its more secure compare to the current Chip and PIN ATM debit cards being used by various banks in the region.

“Verve ATM Debit Card is a secure e-payment card powered by InterSwitch with Chip and PIN (Personal Identification Number) features which make unauthorized use of the card impossible. These features provide security for all electronic banking transactions” he explained to the media in Kampala.

Verve ATM Debit Card are widely used widely in most parts of Africa especially in West Africa. According to the Interswitch CEO and these cards are very cheap to use compared to other chip and personal Identification Number such as visa cards.

Since the Acquisition of Bankom in 2010 in Uganda ,Interswitch has grown rapidly and consistently in an interbank work network with more than 1.3 million debt cards and over 300 ATM and 400 points of sales terminals located country wide .

[BUSINESS WEEK]