Cross Switch, a payments technology company, is expanding its African reach by partnering with Kenya's Pesawise to provide easier payment processing, lower costs, and faster transaction settlements.
According to the firms' joint statement, the agreement leverages Pesawise's robust regulatory status, allowing Cross Switch to expand reach and rapidly deploy powerful payment solutions to enterprises, retailers, and charitable groups across Kenya.
They went on to state that Cross Switch delivers a scalable global payments infrastructure that enables retailers to take payments seamlessly across numerous channels such as Visa, Mastercard, American Express, mobile money, and bank platforms.
Numerous merchants across numerous sectors, including hotel, e-commerce and delivery services, and cryptocurrency (in allowed regions), are already utilising Cross Switch's innovative solutions in Africa and Latin America, according to the organisations.
Furthermore, the cooperation has already yielded results, including assistance to Glovo Kenya, a delivery platform provider.
Pesawise CEO, Jamal Khan, praised Cross Switch's industry knowledge and robust technology solutions, highlighting the opportunities they present for emerging markets and boosting Kenya's digital payments ecosystem.
“Their deep knowledge and robust technology solutions will enable us to provide innovative solutions tailored to the needs of emerging markets.
"Together, we aim to strengthen the digital payments ecosystem in Kenya. We’ve already secured key wins together, including supporting merchants like Glovo Kenya, through a combination of Cross Switch’s expertise and our dedicated local team.”
Cross Switch’s CEO, Tim Davis, remarked: “During the establishment phase of this partnership it is refreshing to see a shared common set of values with Pesawise, to provide our customers with best-in-class service levels and straightforward solutions.
"And a common mission to democratise technology and drive social impact across Africa. With their exceptional team and proven ability to provide relevant value-added services, we believe Pesawise will excel in the fast-moving fintech space.”
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