Interswitch, ACI Commit To Boosting Digital Payment System In Africa

Interswitch, and ACI Worldwide have restated their commitment to continuously developing cutting-edge solutions that will transform and modernise the digital payments infrastructure for banks, fintechs, and other financial institutions in East Africa.

The firms made this known during the second leg of the stakeholders’ engagement session, which was held at the Radisson Blu, Upper Hill, Nairobi, Kenya. Following the successful first edition of the stakeholders’ session in Lagos, Nigeria, the Nairobi edition provided a platform to showcase ways in which financial services industry players can leverage world-class digital payment to unlock opportunities which will drive growth and profitability across the East African region.

The event brought together industry experts, thought leaders, fintech entrepreneurs and financial analysts who engaged in constructive discussions on vital topics such as cross-border payments, modernising payment infrastructure, open banking, and securing transactions with next-generation technology.

These insightful conversations shed light on how businesses and customers can harness technology to foster digital payments and capitalise on opportunities that drive positive transformation within the financial sector.

Delivering his keynote address, the managing director, Interswitch East Africa, Peter Kawumi, said the region’s digital payment landscape is evolving and Interswitch and ACI are poised to boost its transformation.

“The East African financial services sector is undergoing rapid transformation, driven by changing consumer behaviour and technological advancements. Our partnership with ACI is pivotal in analysing these shifts and rapidly delivering tailored solutions that address the evolving needs of the market,” he affirmed.

In his remarks, the senior vice president, Sales ACI Worldwide – Middle East, Africa, and South Asia (MEASA), Santhosh Rao, reiterated the visionary partnership of Interswitch and ACI towards the development of Africa’s financial sector.

“ACI Worldwide and Interswitch’s visionary partnership signifies our commitment to transforming the African financial services landscape. Through our shared dedication to developing modernised digital payment solutions, we aim to deepen digital payment penetration, thus enhancing financial inclusion across the continent,” he stressed.

The managing director, Digital Infrastructure and Managed Services (Interswitch Syetegra), Jonah Adams, stressed the need for players in the financial space to synergize and provide expanded opportunities for industry growth and profitability.

“Cross-border trade and commerce thrive on collaboration and co-creation. Through strategic partnerships, Interswitch and ACI are dedicated to breaking down barriers and fostering seamless digital payment, empowering businesses to expand their global footprint and drive economic growth by opening new markets and opportunities”, he said.