specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Interswitch
providerId: interswitch
created: '2026-05-24'
modified: '2026-05-24'
reconciled: false
tags:
  - FinOps
  - Cost Management
  - FOCUS
  - Payments
  - Africa
description: |
  FOCUS-aligned FinOps definition for the Interswitch developer platform.
  Interswitch monetizes transaction volume across Web Checkout, Quickteller
  Bills, Transfers, Paycode, Card 360, and Lending. Settlement is T+1 in NGN
  with merchant statements available on Quickteller Business.
sources:
  - https://www.interswitchgroup.com
  - https://docs.interswitchgroup.com/docs/home
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Interswitch
serviceCategory: Financial Services
billingModel:
  pricingCategory: Usage-Based
  billingFrequency: Per-Transaction
  billingCurrency: NGN
  chargeCategories:
    - Usage
    - Tax
    - Adjustment
    - Refund
  primaryUnit: transaction
  secondaryUnits:
    - transfer
    - token
    - card
focusColumns:
  ServiceName: Interswitch
  ServiceCategory: Financial Services
  ProviderName: Interswitch
  PublisherName: Interswitch
  InvoiceIssuerName: Interswitch
  PricingCategory: Usage-Based
  PricingUnit: transaction
  BillingCurrency: NGN
meters:
  - name: card_collection_transactions
    unit: transaction
    aggregation: count
    dimensions:
      - merchant_code
      - card_scheme
      - currency
      - geo
  - name: card_collection_volume
    unit: NGN_minor
    aggregation: sum
    dimensions:
      - merchant_code
      - card_scheme
      - currency
  - name: nip_transfers
    unit: transfer
    aggregation: count
    dimensions:
      - merchant_code
      - destination_bank
      - amount_band
  - name: bill_payments
    unit: transaction
    aggregation: count
    dimensions:
      - merchant_code
      - biller_id
      - category_id
  - name: airtime_recharges
    unit: transaction
    aggregation: count
    dimensions:
      - merchant_code
      - telco_biller_id
  - name: paycode_tokens_generated
    unit: token
    aggregation: count
    dimensions:
      - subscriber_id
      - front_end_partner_id
  - name: refunds_volume
    unit: NGN_minor
    aggregation: sum
    dimensions:
      - merchant_code
      - refund_type
  - name: cards_issued
    unit: card
    aggregation: count
    dimensions:
      - product_code
      - card_type
  - name: loans_disbursed
    unit: loan
    aggregation: count
    dimensions:
      - provider_id
      - product_type
settlement:
  cycle: T+1
  currency: NGN
  destination: Merchant settlement bank account configured on Quickteller Business
  statementAccess: Quickteller Business dashboard
notes:
  - Interswitch does not currently expose a programmatic Usage / Cost API; merchant statements and settlement files are downloaded from the Quickteller Business dashboard.
  - Webhook events (TRANSACTION, SUBSCRIPTION, PAYMENT_LINKS, INVOICES) are the canonical source of per-transaction cost-attribution signals.
  - CBN-regulated NIP fees are passed through to the merchant; switching fees are retained by Interswitch.