Partnership Formed with Pesawise: Cross Switch Enters Kenyan Market
Cross Switch and Pesawise Partner to Boost Digital Payments in Kenya
Cross Switch, a global leader in payment orchestration, has partnered with Pesawise, a Kenyan fintech company known for its strong regulatory standing and trusted reputation. This strategic alliance aims to expand the digital payments market in Kenya by leveraging Cross Switch's technology and Pesawise's local expertise.
The partnership marks Cross Switch's official entry into Kenya's market, as it utilizes Pesawise's licensed status to quickly establish a strong local presence and ensure compliance with Kenyan payment regulations. This collaboration facilitates the delivery of robust, scalable, and seamless retail payment solutions across Kenya's emerging digital economy.
Jamal Khan, CEO of Pesawise, shares a mission with Cross Switch to democratize digital finance. He expresses that the partnership will enable faster, smarter, and more agile payment processing, making it easier for merchants to accept digital payments and participate in the growing digital economy.
Kenya's retail and e-commerce sectors stand to benefit from enhanced payment infrastructure that supports both online and in-person transactions. This improvement in consumer access and merchant capabilities is expected to boost the growth of these sectors.
Cross Switch's unified platform simplifies processing, cuts costs, and speeds up settlements. The partnership also focuses on sectors such as e-commerce, hospitality, crypto (in approved markets), and delivery services.
In addition to market expansion, the partnership implicitly contributes to social impact by promoting financial inclusion, empowering small and medium merchants with modern payment tools, and enabling broader participation in Kenya's digital economy. Cross Switch aims to become a go-to payment solution provider for businesses of all sizes in Kenya.
The partnership also supports local merchants such as Glovo Kenya. Cross Switch plans to leverage Pesawise's agile, young management team to achieve its goals in Kenya.
Cross Switch, with an established presence across Africa and Latin America, has plans to use strong fraud prevention, risk management, and reconciliation tools. The company aims to strengthen its footprint across African emerging markets, addressing unique market needs with reliable, innovative payment platforms.
Furthermore, Cross Switch and Pesawise share a vision to support social impact efforts across the African continent. They aim to drive social change by promoting financial inclusion, empowering businesses, and fostering the growth of digital economies in various African countries.
In summary, the Cross Switch-Pesawise partnership is a strategic alliance that accelerates the adoption of modern digital payment solutions in Kenya, fostering market expansion and supporting social impact through improved financial inclusion and easier digital commerce participation.
This strategic alliance between Cross Switch and Pesawise, rooted in their shared vision to democratize digital finance, will leverage technology to expand Kenya's digital payments market and promote business growth. The partnership will also address the needs of various sectors, including e-commerce, hospitality, and crypto (in approved markets), aiming to make Cross Switch a preferred payment solution for businesses of all sizes in Kenya.
