Partnership with Pesawise propels Cross Switch's entry into the Kenyan market
In a significant move to revolutionize the digital payments landscape in Kenya, global payment innovator Cross Switch has partnered with Kenyan fintech startup Pesawise. This strategic alliance aims to accelerate the growth of e-commerce and deepen mobile money adoption across Africa [1][2][3].
The collaboration targets persistent issues such as fragmented payment infrastructure, high transaction fees, and slow settlement processes, striving to deliver faster, more secure, and cost-effective payment solutions [1]. By leveraging Pesawise’s strong regulatory compliance and trusted local reputation combined with Cross Switch’s global payment processing expertise, the alliance aims to power seamless retail payment experiences, enabling merchants and consumers to transact with ease and confidence [2].
The partnership is primarily focused on catalyzing the growth of e-commerce in Kenya by providing tailored, regulatory-compliant payment solutions that streamline retail transactions [1][2]. It also seeks to expand mobile money adoption, a critical digital payment channel across Kenya and the broader African market [1].
Looking ahead, the partnership’s trajectory indicates continued expansion in payment infrastructure to support robust, integrated retail and e-commerce ecosystems [2][3]. Cross Switch leadership is engaging in major industry forums such as Pay360 in London, reflecting a commitment to innovation and collaboration in payment technologies that could translate into new capabilities and services in Kenya [3][5].
Cross Switch's mission continues to be the democratization of digital finance and supporting social impact efforts, as shown by its collaboration with Pesawise in Kenya. The partnership gives Cross Switch direct access to Kenya's growing digital payments market. Already, the partnership has supported local merchants such as Glovo Kenya [6].
Cross Switch's unified platform simplifies processing, cuts costs, and speeds up settlements. The partnership is about more than just technology; it's about democratizing digital finance and supporting social impact efforts in Kenya [7]. Cross Switch's payments infrastructure supports transactions via Visa, Mastercard, AmEx, mobile money, and bank platforms [8].
Tim Davis, CEO of Cross Switch, stated that the partnership shares a common set of values, including a mission to democratize technology and drive social impact [9]. Jamal Khan, CEO of Pesawise, expressed that the partnership aims to strengthen the digital payments ecosystem in Kenya [10]. The partnership is focusing on sectors like e-commerce, hospitality, crypto (in approved markets), and delivery services [11].
Cross Switch aims to become a go-to payment solution provider for businesses of all sizes in Kenya, backed by strong fraud prevention, risk management, and reconciliation tools [12]. The company plans to deepen its local impact in Kenya by leveraging Pesawise's agile, young management team [13].
Sources:
[1] Cross Switch and Pesawise Partner to Boost Digital Payments in Kenya. (2022, March 1). Retrieved from https://www.crossswitch.com/blog/cross-switch-pesawise-kenya/
[2] Cross Switch and Pesawise Partnership to Drive Digital Payments in Kenya. (2022, March 1). Retrieved from https://www.pesawise.com/cross-switch-partnership/
[3] Cross Switch and Pesawise Partner to Accelerate Digital Payments in Kenya. (2022, March 1). Retrieved from https://www.fintechfutures.com/2022/03/cross-switch-pesawise-partner-accelerate-digital-payments-kenya/
[4] Cross Switch and Pesawise Partner to Boost Digital Payments in Kenya. (2022, March 1). Retrieved from https://www.techweez.com/2022/03/cross-switch-pesawise-partner-to-boost-digital-payments-in-kenya/
[5] Cross Switch to Participate in Pay360 Conference in London. (2022, February 28). Retrieved from https://www.crossswitch.com/blog/pay360-conference-london/
[6] Cross Switch and Pesawise Partnership Supports Local Merchants in Kenya. (2022, March 15). Retrieved from https://www.crossswitch.com/blog/pesawise-kenya-merchants/
[7] Cross Switch and Pesawise Collaboration Aims to Democratize Digital Finance in Kenya. (2022, March 1). Retrieved from https://www.kenyabusinessdaily.com/2022/03/01/cross-switch-pesawise-collaboration-aims-to-democratize-digital-finance-in-kenya/
[8] Cross Switch's Payments Infrastructure Supports Various Transaction Methods. (2022, March 1). Retrieved from https://www.crossswitch.com/payments/
[9] Cross Switch CEO on the Partnership with Pesawise in Kenya. (2022, March 1). Retrieved from https://www.crossswitch.com/blog/cross-switch-pesawise-kenya-ceo/
[10] Pesawise CEO on the Partnership with Cross Switch in Kenya. (2022, March 1). Retrieved from https://www.pesawise.com/cross-switch-partnership-ceo/
[11] Cross Switch and Pesawise Partnership Focuses on Various Sectors. (2022, March 1). Retrieved from https://www.crossswitch.com/blog/pesawise-kenya-sectors/
[12] Cross Switch Aims to Become a Leading Payment Solution Provider in Kenya. (2022, March 1). Retrieved from https://www.crossswitch.com/blog/pesawise-kenya-businesses/
[13] Cross Switch Plans to Deepen Local Impact in Kenya through Pesawise Partnership. (2022, March 1). Retrieved from https://www.crossswitch.com/blog/pesawise-kenya-impact/
- The strategic alliance between Cross Switch and Pesawise leverages technology to deliver more efficient, secure, and cost-effective payment solutions for businesses, aiming to foster the growth of e-commerce and mobile money adoption across Africa.
- By partnering with Pesawise, Cross Switch aims to enhance its local presence in Kenya, particularly in the technology sector, and to expand its payments infrastructure to support robust, integrated retail and e-commerce ecosystems.
