Interswitch, Visa sign strategic partnership for digital payments in Africa

Wednesday 13 November 2019 12:21 CET | News

Interswitch (‘Company’) and Visa have announced a strategic partnership that will further advance the digital payments ecosystem across Africa.

Visa will acquire a minority equity stake in Interswitch, joining global investors including Helios Investment Partners, TA Associates and IFC, as shareholders in Interswitch, alongside Company management.

Via the partnership, an instant acceptance network across Africa will be created, in a bit to benefit consumers and merchants and facilitate greater connectivity for communities. Both companies will retain their respective independent solutions, while Interswitch will also retain its scheme neutral strategy.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: InterSwitch, Visa, partnership, Africa, digital payments, shareholders, merchants
Categories: Payments & Commerce
Countries: Africa
This article is part of category

Payments & Commerce