Interswitch Group, one of Africa’s leading payments and digital commerce companies, has announced a strategic collaboration with Temenos, a global banking technology provider, to strengthen its digital banking capabilities and expand access to modern financial services across the continent.
Under the partnership, Interswitch will adopt Temenos’ banking technology solutions to support its next phase of growth and provide managed banking services to financial institutions across Africa.
What the partnership entails
Interswitch will deploy Temenos solutions across:
- Core banking
- Digital banking
- Payments
- Wealth management
- Financial crime and compliance management
The company will offer these capabilities as both cloud-hosted and on-premises managed services to banks and other financial institutions.
The initiative is expected to help financial institutions modernize their banking infrastructure, improve customer experience, and transition to more customer-centric business models.
The service will initially target major African markets, including:
What Interswitch is saying
According to Jonah Adams, the partnership represents a major step in the company’s expansion beyond its traditional payments business.
He noted that Temenos’ cloud-native and composable platform provides the flexibility and scalability required to support Interswitch’s broader digital banking ambitions.
Adams described the collaboration as a strategic move that will enable the company to introduce a highly configurable banking platform powered by modern cloud technologies while scaling services across multiple African markets.
What Temenos is saying
William Moroney said the partnership highlights the adaptability of Temenos’ technology in supporting banking innovation tailored to African markets.
He added that Interswitch’s extensive presence across the continent strengthens Temenos’ ecosystem and expands its reach within Africa’s financial services sector.
Why it matters
The collaboration signals Interswitch’s growing ambition to become a broader financial technology infrastructure provider rather than solely a payments company.
By offering managed banking services, Interswitch can help financial institutions:
- Reduce technology infrastructure costs
- Accelerate digital transformation
- Improve operational efficiency
- Launch new financial products faster
- Strengthen compliance and risk management capabilities
About Interswitch
Founded in Nigeria, Interswitch has become one of Africa’s largest payments technology companies, operating across 32 African countries and serving more than 300 financial institutions.
Its major brands include:
- Quickteller — a digital payments and financial services platform
- Verve International — Africa’s leading domestic card and token scheme
The company recently announced that Verve has surpassed 100 million payment cards issued, reinforcing its position as one of Nigeria’s most widely used payment card and tokenization platforms.
Outlook
The partnership reflects a broader trend across Africa’s financial sector, where banks are increasingly seeking cloud-based, scalable, and modular banking platforms to improve service delivery and compete in an increasingly digital marketplace.
For Interswitch, the move represents an important step toward deepening its role in Africa’s banking infrastructure ecosystem and expanding beyond its traditional payments business into full-scale banking technology services.
