UnionPay International (UPI) and Interswitch on Wednesday, September 9, 2020, announced their partnership, confirming Interswitch as a Third-Party Service Provider (TPSP) for UnionPay International in East Africa.
The partnership supports the vision and mission that enables further payment digitalization across the continent, allowing cardholders and merchants within the region to transact seamlessly and conveniently across various platforms on the global UPI network.
The agreement with Interswitch will facilitate UnionPay card acceptance across ATMs, Points-of-Sale, QR Payments and online payments, thereby consolidating the existing partnership with Interswitch in West Africa and helping to drive wider acceptance on the continent. These initiatives will ultimately enhance the current payment landscape and in turn, improve the lives of the mass markets in Africa.
“UPI and Interswitch East Africa (Kenya) Limited share a mission to provide convenient and secure payment solutions across Africa, and this partnership continues our work to broaden acceptance to cardholders transacting across the region”, said the Country General Manager – Kenya for Interswitch East Africa’, Romana Rajput. “We look forward to working with the UPI team and we are excited for the opportunities this new agreement presents”.
The Interswitch Group Founder and Chief Executive Officer, Mitchell Elegbe, stated that the new licensing agreement reinforced Interswitch’s focus on achieving broad acceptance.
“We are delighted to expand our existing partnership with UPI, this time to East Africa”, Elegbe said. “The region presents great opportunity following significant transformation in recent years with the rapidly increasing adoption of digital technologies. This new agreement is aligned with our vision to make payments a seamless part of everyday life in Africa, and we look forward to consolidating our relationship with the UPI team.”
“This is indeed another milestone for Africa”, said the General Manager of UnionPay International Africa Branch, Luping Zhang. “We are committed to promoting high-quality digital payments in Africa. Together with Interswitch, we present a powerful solution allowing African businesses to better integrate into the global marketplace”.