Partnership formed with Pesawise in Kenya, enabling Cross Switch's expansion into the region
Cross Switch, a leading provider of unified payment platforms, has announced its expansion into Kenya, partnering with local fintech company Pesawise to strengthen the digital payments ecosystem in the East African nation.
The partnership aims to simplify and scale payment processes locally and cross-border, with a focus on improving pay-ins and pay-outs efficiency within Kenya and across Africa. Cross Switch's CS+ payment orchestration platform will enable merchants and payment partners to seamlessly connect with banks, mobile wallets, and payment schemes.
Impact and Sectors
Cross Switch's entry into Kenya has a significant impact on various sectors, particularly the payments and digital financial sectors. The company enhances payment processing with a single API solution that supports local and international transactions, complete with compliance and reconciliation tools.
The expansion supports Kenya’s growing digital economy and Small and Medium Enterprises (SMEs), facilitating cross-border trade and digital entrepreneurship. By strengthening fintech infrastructure and partnerships, Cross Switch collaborates with local banks and digital payment providers to improve online payment ecosystems.
Future Plans
Cross Switch is committed to deepening its presence and scaling its platform in Kenya, with plans to expand coverage across emerging African markets. The company aims to capitalize on Kenya’s digital transformation goals and the broader East African regional integration agenda.
The regional digital infrastructure, including cross-border fiber links between Kenya and neighbouring countries like Tanzania and Uganda, will likely complement Cross Switch’s offerings by improving connectivity and reducing costs, boosting digital trade and data flow security.
The Cross Switch-Pesawise Partnership
The partnership between Cross Switch and Pesawise is focused on serving merchants, businesses, and Non-Governmental Organisations (NGOs) in Kenya. Cross Switch plans to expand its local impact in Kenya through leveraging Pesawise's agile, young management team.
The collaboration is focused on sectors such as e-commerce, hospitality, crypto (in approved markets), and delivery services. The partnership taps into Pesawise's regulatory approval and local expertise, giving Cross Switch direct access to Kenya's growing digital payments market.
Tim Davis, CEO of Cross Switch, expresses a shared mission with Pesawise to democratize technology and drive social impact. Jamal Khan, CEO of Pesawise, emphasizes the partnership's goal to strengthen the digital payments ecosystem in Kenya.
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. The partnership with Pesawise is just the beginning of Cross Switch's commitment to supporting social impact efforts across Africa.
Cross Switch is known for its efforts to democratize digital finance, and this partnership is a testament to its dedication to making digital payments accessible and efficient for all.
Cross Switch's collaboration with Pesawise targets businesses, NGOs, and various sectors such as e-commerce, crypto (in approved markets), hospitality, and delivery services in Kenya. With a focus on enhancing the digital payments ecosystem, the partners aim to promote technology that drives social impact and improve online payment systems.
As Cross Switch expands its operation in Africa, it intends to leverage cutting-edge technology to boost the efficiency of digital transactions and contribute to the growth of local and cross-border businesses. By capitalizing on improved digital infrastructure, Cross Switch plans to democratize digital finance and make it more accessible for businesses of all sizes.
