Mitchell is a graduate of Electrical Engineering from the University of Benin (UNIBEN), Edo state. Mitchell Elegbe Biography: Age, Wife, Family & Net Worth
He is also an alumnus of the Global CEO Program organized by IESE Business School, The Wharton School and China Europe International Business School (CEISBS) for senior executives of organizations.
Elegbe is the managing director and Chief Executive Officer of Interswitch, an integrated payment and transaction company in Nigeria.
Points of View
Mitchell Elegbe began his career with Computer Systems Associates (CSA), a software implementation company connecting banks to the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
He then got a job as a business developer at Telnet, an ICT engineering and consulting company before he later moved to Schlumber Wire line & Testing in Scotland as a field engineer.
While in Scotland, he had his first experience with an automated teller machine (ATM) where the machine had seized his card and hence felt embarrassed.
During this era, there were no ATM machines in Nigeria and that had gave rise to the thought by Mitchell to have an automated teller machine in Nigeria. He decided to bring an idea to bring about a payment system that would make the electronic payment a reality in the country.
On his return to the country, Mitchell was reemployed by Telnet telecommunications where he told his boss about the electronic payment idea and was authorized to carry it out.
Mitchell Elegbe Pictures
However, the whole idea didn’t go as planned and so he started selling the software for switching but most players he sold to were not interested and this had gave rise to him creating Interswitch in order to meet his targets.
Elegbe founded Interswitch in 2002 with the sole aim to ease the burden of money transfer, cash deposits and withdrawals in Africa.
The name” Interswitch” which was coined from international, interconnect, interactive and then ‘The Switch’, has help to change the face of electronic payments in Nigeria.
COPYRIGHT WARNING! Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. All contents are protected by DMCA.The content on this site is posted with good intentions. If you own this content & believe your copyright was violated or infringed, make sure you contact us at [email@example.com] to file a complaint and actions will be taken immediately.