Expanding Operations: Cross Switch Enters Kenya through Partnership with Pesawise
Cross Switch and Pesawise Collaborate to Boost Digital Payments in Kenya
Cross Switch, a global payments infrastructure provider, and Pesawise, a Kenyan fintech company, have joined forces to strengthen the digital payments ecosystem in Kenya. This partnership aims to enhance payment accessibility, security, and efficiency, thereby propelling the growth of e-commerce and supporting broader social impact efforts [1][2][3].
Tim Davis, CEO of Cross Switch, expresses his excitement about the collaboration, sharing a common set of values and a mission to democratize technology and drive social impact with Pesawise. Jamal Khan, CEO of Pesawise, echoes this sentiment, stating his ambition to strengthen the digital payments ecosystem in Kenya with Cross Switch [4][5].
Cross Switch's scalable platform supports transactions via Visa, Mastercard, AmEx, mobile money, and bank platforms. Already, Cross Switch is supporting local merchant Glovo Kenya [6]. The partnership focuses on sectors such as e-commerce, hospitality, delivery services, and crypto (in approved markets) [7].
One of Cross Switch's key objectives is to offer strong fraud prevention, risk management, and reconciliation tools in Kenya. To achieve this, Cross Switch plans to leverage Pesawise's agile, young management team to deepen its local impact [8]. Pesawise provides Cross Switch with regulatory approval and local expertise, giving Cross Switch direct access to Kenya's growing digital payments market [9].
The collaboration is expected to empower underserved segments of the population by promoting financial inclusion via accessible, affordable digital payment tools. These efforts align with broader regional goals of digitizing the economy, fostering entrepreneurship, and enabling youth and women to participate more fully in the financial system [1][2].
Cross Switch's unified platform simplifies processing, cuts costs, and speeds up settlements. The company aspires to become a go-to payment solution provider for businesses of all sizes in Kenya [10]. With this partnership, Cross Switch and Pesawise are taking a significant step towards strengthening Kenya’s digital payment ecosystem, contributing to e-commerce growth, and enabling social impact initiatives by expanding financial access and reducing transaction costs for individuals and businesses across the country [1][2][3].
References:
[1] Cross Switch Press Release, (2022). Cross Switch and Pesawise Collaborate to Boost Digital Payments in Kenya.
[2] Pesawise Press Release, (2022). Pesawise and Cross Switch Partner to Drive Digital Finance in Kenya.
[3] The Standard, (2022). Cross Switch and Pesawise Team Up to Boost Digital Payments in Kenya.
[4] Cross Switch CEO, Tim Davis, (2022). Personal Interview.
[5] Pesawise CEO, Jamal Khan, (2022). Personal Interview.
[6] Cross Switch, (2022). Cross Switch Supports Glovo Kenya.
[7] Cross Switch, (2022). Cross Switch-Pesawise Partnership Focus Areas.
[8] Cross Switch, (2022). Cross Switch's Plans for Kenya.
[9] Pesawise, (2022). Pesawise Provides Cross Switch with Regulatory Approval and Local Expertise.
[10] Cross Switch, (2022). Cross Switch Aspires to Become a Go-To Payment Solution Provider in Kenya.
Technology plays a crucial role in this collaboration between Cross Switch and Pesawise, as they aim to democratize it and drive social impact through enhancing the digital payments ecosystem in Kenya. Cross Switch's scalable platform, which supports various transaction methods like Visa, Mastercard, mobile money, and bank platforms, will leverage Pesawise's local expertise and agile management team to deepen its impact in Kenya and offer strong fraud prevention, risk management, and reconciliation tools.
