Interswitch Group teams with Codebase Technologies to improve banking in Africa

Interswitch Group, which supports the digitalisation of payments in Africa, has established a strategic partnership with open API banking developer Codebase Technologies.

Through this partnership, the companies hope to enable financial institutions in West and East Africa to implement front-to-back SaaS capabilities.

The deal will also enable banks, FinTechs and other corporates to implement new technology and meet the change in customer needs. Customers will benefit from better banking and payment products, it said.

Jonah Adams, Interswitch’s divisional CEO for digital infrastructure and managed services, said, “Africa is at the forefront of digitization, with the fintech market across the continent rapidly evolving. There is also increasing consumer demand for new, more accessible products and services, and for Interswitch, continuing to innovate and enhance our product propositions is critical.

“We are excited to partner with Codebase Technologies, bringing with them next-generation technological capabilities and expertise, as we continue our mission to increase access to financial services and drive financial inclusion across Africa.”

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