Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, and Temenos, a global leader in banking technology, announced a collaboration, wherein Interswitch will adopt Temenos technology to enhance its digital banking capabilities, supporting its growth and expanding access to modern financial services across the continent.
Interswitch will use Temenos solutions – across core banking, digital banking, payments, wealth management and financial crime – to provide cloud-hosted and on-premises managed services to banks and financial institutions across Africa.
This will enable institutions to progressively transform their banking platform and evolve to more customer-centric business models. The service will initially support key African markets including Nigeria, Ghana, Côte d’Ivoire, Kenya and others
Widely known for its Quickteller and Verve brands, Interswitch operates in 32 African countries, supporting more than 300 financial institutions. Through Quickteller, its digital payments and services platform, Interswitch has played a significant role in shaping consumer and merchant payments.
Verve International, a domestic payment cards and tokens scheme and a subsidiary of Interswitch, recently surpassed 100 million payment cards issued. The business continues to drive innovation in tokenization, reinforcing its position as one of Nigeria’s most widely used payment cards and token platforms.
