Firms Collaborate To Drive Digital Banking Transformation Across Africa

Africa’s digital commerce company, Interswitch Group, has entered into a strategic collaboration with global banking technology firm, Temenos, to accelerate the transformation of digital banking services across the continent.

Under the partnership, Interswitch will adopt Temenos’ technology suite to enhance its digital banking capabilities and deliver managed services to banks and financial institutions across key African markets.

The collaboration will see Interswitch leverage Temenos solutions spanning core banking, digital banking, payments, wealth management, and financial crime management. These will be deployed through both cloud-hosted and on-premises models, enabling financial institutions to modernise their operations and transition towards more customer-centric business models.

The service rollout is expected to initially cover major African markets, including Nigeria, Ghana, Côte d’Ivoire, Kenya, and other strategic regions, with plans to expand further across the continent.

Speaking on the partnership, Jonah Adams, managing director for Digital Infrastructure & Managed Services (Systegra) at Interswitch, said the collaboration marks a significant step in the company’s growth strategy.

“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Adams said.

He added that the partnership represents a strategic pivot for the company beyond payments into broader digital banking infrastructure.

“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa. Our partnership with Temenos is strategic in that it allows us to introduce a highly configurable banking platform that leverages the latest cloud technologies into our technology stack,” he said.

Adams further noted that Temenos’ capabilities would play a key role in scaling Interswitch’s services across diverse African markets.

“Temenos delivers on this and brings an unmatched breadth and depth of capability to support our vision and scale our services across the continent,” he added.

On his part, chief revenue officer at Temenos, Williams Moroney, described Interswitch as a key partner in the region and highlighted the strategic importance of the collaboration.

“Interswitch is an important new customer and partner for Temenos in Africa. The collaboration underscores the adaptability of our platform to power innovative banking services tailored to the needs of African markets,” Moroney said.

He added that Interswitch’s extensive footprint across Africa would further strengthen Temenos’ ecosystem and partner network.

Widely recognised for its Quickteller and Verve brands, Interswitch currently operates in 32 African countries and supports more than 300 financial institutions across the continent.

Through its Quickteller platform, the company has played a significant role in shaping digital payments and merchant services in Africa. Its subsidiary, Verve International, a domestic payment cards and token scheme, recently surpassed 100 million issued payment cards, reinforcing its position as one of Nigeria’s leading payment platforms.

The company said the new collaboration with Temenos will further deepen innovation in financial services and support the evolution of more efficient, scalable, and inclusive digital banking systems across Africa.