Monday, 1 October 2018

Interswitch Entry Level Salary Scale Structure 2018 


In this post we are quickly going to reveal how much Interswitch pay their new entry level workers.

Interswitch is a payment processing company that is
headquartered in Lagos Nigeria. Over the years this company has grown to earn the trust of users in Nigeria and Africa. 

The technology company was founded in 2002 by Mitchell Elegbe.
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Interswitch is gradually spreading it's wings in Africa,the company acquired a 60 per cent stake in Bankom in Uganda and also acquired a majority share in Paynet Group, an East-African payments provider plus VANSO and Selcom in Tanzania.

Currently Interswitch connect different banks in Nigeria and provides technology for ATM cards,it also has over 11,000 ATMs on its network. 

The company is also the owner of verve which is Nigeria's most used payment card. 

Over 18 million ATM cards out of 25 million cards in circulation in Nigeria’s economy is registered to Verve.
Verve has also been launched in Kenya.

The company’s technology operations in Nigeria,is gradually being felt across Africa. 

Interswitch Salary Scale Structure For Entry Level Workers

Q: Interswitch Salary Scale Structure For New Entry Level Employees?

Most often companies do not reveal the salary scale structure/ remuneration of their new employees,this has lead to estimation of what the company pay it's new workers.


New entry level employees earn lower than other experienced old workers,however the amount of money earned by the new employees is expected to increase with promotion and years of work experience. 
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The estimated current salary earned by new entry workers of Interswitch is ₦ 130,000 - ₦ 145,000 per month after tax (excluding allowances)*. 



Note: 

The current minimum wage in Nigeria,applicable from 2011 is ₦18,000 per month,exclusive of all deductions.

The information on this page is subject to change,figures stated here are only estimates and not 100% accurate.

Low paying companies sometimes bolster their pay with allowances.
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Most multinational companies pay according to global standards and are among the highest paying companies in Nigeria. 

Figures stated here represent net total amount with tax deductions.

The salary paid to interns and trainees are less than the amount paid to entry level workers. 

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