Interswitch & ACI Worldwide to boost payments in Sub-Saharan Africa

By Delisha Fernandes

The partnership will enable banks, FinTechs and other financial institutions in the region to progressively transform and modernise their payments infrastructure through ACI’s revolutionary Enterprise Payments Platform.

“We are thrilled to announce the extension of our long-term partnership with Interswitch,” said Thomas Warsop, President and CEO, ACI Worldwide. “Our flexible, agile and innovative payment software solutions will now be available to banks and financial institutions across the continent. We have committed to a long-term investment in Africa, collaborating with local partners and experts, and are now in a fantastic position to support all stakeholders on their quest for digital transformation and innovation, while enabling the resiliency and service quality required by next-generation payment systems.”

Through this collaboration, Interswitch will incorporate the full range of payment solutions that form part of the ACI Enterprise Payments Platform into its technology stack, enabling banks and financial institutions across Africa to respond rapidly to regulatory mandates, new competition and evolving trends in a fast-changing payments landscape.

Interswitch, a strategic partner of ACI for more than 20 years, will offer new innovative products and services in Nigeria and 31 other markets in Sub-Saharan Africa where the payments sector is experiencing an unprecedented revolution and is poised to witness significant further growth on the back of a growing young population, increased digitization and progressive regulatory outlook.

“We are excited about our new strategic partnership with ACI Worldwide, which essentially consolidates our 20-year relationship across Sub-Saharan Africa,” said Mitchell Elegbe, Founder/Group Managing Director & CEO at Interswitch. “With the continued rise in real-time transactions and digital payments, providing sustainable payments infrastructure to support the increased demand in transactions is imperative. Interswitch and ACI are committed to driving digital transformation across Africa via the deployment of relevant digital solutions and innovative infrastructure that optimize business efficiency and drive our customers’ growth and profitability.”