UnionPay International (UPI) and Interswitch on yesterday announced a 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 digitalisation 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’s card acceptance across ATMs, Points-of-Sale, QR Payments and online payments, thereby consolidating the existing partnership with it 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 Romana Rajput, Country General Manager – Kenya for Interswitch East Africa’ “We look forward to working with the UPI team and we are excited for the opportunities this new agreement presents”. Mitchell Elegbe, Interswitch Group Founder and Chief Executive Officer stated that the new licensing agreement reinforced Interswitch’s focus on achieving broad acceptance.