Interswitch has been announced as an Access Point Provider and System Integrator for Nigeria’s mandatory e-invoicing system under the Monitoring, Billing, and Settlement (MBS) platform by the Federal Inland Revenue Service (FIRS).
Following this announcement, Interswitch Group is now supporting the roll-out of ambitious national e-invoicing network projects across Nigeria and Kenya, two of the continent’s largest economies, following Interswitch’s selection by the Kenya Revenue Authority in 2024 as a technology partner, providing solutions for businesses to comply with the eTIMS requirements, including hardware and software.
FIRS MBS Platform
The FIRS launched the MBS platform to combat tax evasion, improve transaction transparency, and boost revenue collection. The platform serves as the central hub for real-time or near-real-time invoice validation, the platform captures essential transaction details, from buyer and supplier information to quantities, prices, and taxes, replacing paper or traditional electronic documents such as invoices, credit notes, and debit notes.
The FIRSMBS initiative in Nigeria went live on August 1, 2025, initially targeting large taxpayers with an annual turnover exceeding ₦5 billion, following a pilot phase that commenced in November 2024. Following industry feedback, the FIRS extended the onboarding deadline to November 1, 2025, to provide businesses with additional time for integration and testing.
Muyiwa Asagba, Managing Director for Commercial Inclusion (Interswitch Inclusio) at Interswitch Group, said the accreditation underscores the company’s mission to equip businesses with tools that deliver both compliance and operational value. He said:
“We are pleased to be recognised by FIRS as a trusted Access Point Provider. This accreditation reaffirms Interswitch’s commitment to delivering innovative, business-centric solutions that not only meet compliance requirements but also create operational value for our customers. Our e-invoicing solution has been built to integrate seamlessly with existing enterprise systems, ensuring security, accuracy, and efficiency at every step.”
“The e-invoicing directive is not just about compliance; it is an opportunity for Nigerian businesses to modernize their operations, enhance transparency, and embrace efficiency. We are here to make that transition seamless.”
Following this accreditation, Interswitch will provide a fully compliant e-invoicing solution that connects directly and securely to the FIRS platform, helping businesses meet regulatory requirements while modernizing their financial operations. The solution supports both corporates and SMEs, enabling them to automate invoicing workflows, reduce manual errors, and access real-time reporting for faster, more accurate tax submissions.
