Interswitch Group, an African technology-driven company focused on the digitization of payments in Africa, has announced a new strategic partnership with Codebase Technologies (CBT), an open API banking solution provider.

According to the companies the partnership will accelerate digital banking transformation across the African continent.

With a shared vision of helping Africa’s financial institutions and customers make the transition to digital banking, Codebase Technologies’ Digibanc™ SaaS platform will complement Interswitch’s existing payments and digital banking offering.

Banks, fintechs, and other corporates will be able to access new, leading technologies, so they can continue to meet the evolving market and customer demand. In turn, customers will be able to access an extensive range of innovative banking and payment products that meet their existing and future needs.

Interswitch’s Divisional CEO for Digital Infrastructure & Managed Services, Jonah Adams commented, “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.”

Codebase Technologies' Commercial Director and Africa MD, Paul Nilsen, stated: We look forward to working with Interswitch Group and launching this new, cutting-edge technology that will redefine user-centric, financially inclusive financial services and help spur innovation, economic growth, and increased access.

This partnership will capitalize on the Interswitch Group’s in-depth knowledge of the current needs and direction of financial institutions across the Continent, as well as the progress they have made in the banking and financial services space.”

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