back Back

RSwitch signs partnership with EFT to empower financial access in Rwanda

By Edlyn Cardoza

July 07, 2022

  • Africa
  • Amex
  • EFT corporation
Share

RSwitch, National E-payment Switch, FinTech, EFT Corporation, Mobile Operators, Faster Transactions, Electronic Payment System, VISA, MasterCard, Union pay, Amex, Smartcash, Mobile Wallets, Rwanda, AfricaRSwitch, the national e-payment switch of Rwanda, has announced a new partnership with African FinTech giant EFT Corporation to enable Rwandans to access their money across all technological platforms.

The deal will see RSwitch benefit from EFT’s extensive suite of end-to-end payment solutions, enabling faster transactions between banks, mobile operators, and ATMs. The new capabilities will allow Rwandan citizens to access their money seamlessly and accelerate the local economy.

RSwitch, established in 2003 with a vision to run Rwanda’s electronic payment system, has seen rapid growth in recent years and has expanded its remit to serving as a financial interoperable solution company. The company’s online payment gateway facilitates merchants to collect their payments from different channels, namely: Visa cards, MasterCard, UnionPay, Amex, Smartcash as well as mobile wallets.

The deal will support the Government of Rwanda’s Vision 2050 to accelerate to an upper-middle-income country by 2035, supported by a robust and inclusive financial sector, including a safe, reliable, and efficient payment system.

Mathieu Rwiyereka, CEO, RSwitch, commented, “These are incredibly exciting times for RSwitch and this partnership will enable us rapidly increase our payments capabilities by benefiting from EFT’s powerful technology solutions. Our mission is to extend full financial inclusivity to every citizen in Rwanda, and we will continue to innovate and bring new products and services to enable this to happen.”

Grant Flanagan, Chief Operating Officer of EFT Corporation, added, “The RSwitch team have a proven track record of designing and delivering world-class payments services to citizens across Rwanda and we are proud to be working alongside such an innovative organisation. Our combined expertise and technology will further accelerate financial solutions to millions of people in Africa and is another landmark moment in EFT’s continued expansion.”

Previous Article

July 07, 2022

Plum launches new degradable debit card

Read More
Next Article

July 07, 2022

4 FinTechs based out of Sweden

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 04, 2024

American Express cards now accepted on Telr’s merchant network

Read More

October 04, 2024

Ecommpay expands open banking partnership with Token.io

Read More

October 04, 2024

FOMO Pay & Visa expand digital payments acceptance for Singaporean SMEs

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More