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Interswitch, VIPASO partner to enhance mobile money payments in Kenya

By Delisha Fernandes

January 10, 2024

  • consumer app
  • Financial Inclusion
  • Financial Institutions

Interswitch East Africa, Vienna Payment Solutions, financial institutions, consumer app, merchant app, financial inclusion, risks, smartphone, FinTech news, FinTech AfricaInterswitch East Africa (Kenya) has partnered with Vienna Payment Solutions (VIPASO) to enhance payment solutions for banks, hospitality industry players, on-the-go services, financial institutions, and retailers.

By joining forces, the two companies introduced VIPASO, a solution that merges two applications, including a consumer and a merchant app. The applications seamlessly operate between a smartphone or a consumer or merchant’s feature phone or between a smartphone or consumer’s feature phone and an Android Point of Sale (POS) terminal.

“As a strategic response to evolving challenges, this collaboration not only fortifies the security of financial transactions but also underscores Interswitch East Africa (Kenya) Limited’s commitment to fostering digitalization and financial inclusion in Kenya”, said Romana Rajput, Interswitch East Africa (Kenya) Limited’s Country General Manager. “The VIPASO solution reflects Interswitch’s dedication to being a catalyst for industry innovation, adapting to changing trends, and meeting the evolving needs of customers in the pursuit of reliable solutions for financial inclusion.”

The VIPASO solution utilizes Bluetooth low energy connectivity and offers an alternative payment method for consumers in scenarios where traditional card or mobile phone payments are inconvenient or hindered by unreliable internet connectivity.

The solution not only addresses operational inefficiencies but also aligns with the overarching goal of enhancing financial inclusion in the East African market, offering a reliable, accessible, and efficient payment solution for businesses and consumers alike. VIPASO marks a significant leap towards bridging gaps in the payment industry, setting a new standard for secure, convenient, and inclusive financial transactions in the East African region.

Matthias Horvath, CEO at VIPASO, said, “We are honored to partner with Interswitch East Africa (Kenya) Limited on our mission to make VIPASO technology available to everyone, everywhere. We started VIPASO with a goal to make POS (point of sale) payments simple, reliable, safe and universal. The partnership with Interswitch marks significant progress towards achieving this goal.”

The partnership represents a step-change in the way both businesses address the needs of the market. Serving as a bridge that helps bring a new level of convenience, simplicity and reach to the world of PoS (Point of Sale) payments.

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