AC Worldwide and Interswitch Group have elevated their relationship to a strategic alliance, marking a new chapter in their 20-year partnership. This development solidifies Interswitch’s status from a reseller to a strategic partner across various markets in the Sub-Saharan Africa Region.
The collaboration is set to empower banks, fintechs, and other financial institutions in the region to embark on a progressive transformation and modernization of their payment infrastructure. This will be made possible through the integration of ACI’s Enterprise Payments Platform, which offers a comprehensive range of payment solutions.
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As part of this strategic alliance, Interswitch will incorporate ACI’s full suite of payment solutions into its technology stack. This move is designed to equip banks and financial institutions across Africa with the agility to swiftly respond to regulatory mandates, navigate new competition, and adapt to evolving trends in the rapidly changing payments landscape.
With a longstanding partnership spanning over two decades, Interswitch, as a strategic partner of ACI, is set to introduce innovative products and services not only in Nigeria but also in 31 other markets in Sub-Saharan Africa. The payments sector in these regions is currently undergoing an unprecedented revolution and is poised for significant growth, driven by a burgeoning young population, increased digitization, and a progressive regulatory outlook.
Thomas Warsop, President and CEO of ACI Worldwide, expressed enthusiasm about the extended partnership, highlighting their commitment to a long-term investment in Africa. He emphasized their readiness to support digital transformation and innovation while ensuring the resilience and service quality required by next-generation payment systems.
Mitchell Elegbe, Founder/Group Managing Director & CEO at Interswitch, shared his excitement about the strategic partnership, emphasizing the necessity of sustainable payment infrastructure to support the rising demand for real-time transactions and digital payments. Both ACI and Interswitch are committed to propelling digital transformation across Africa through the deployment of relevant digital solutions and innovative infrastructure to optimize business efficiency and drive customer growth and profitability.
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Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple's Bite International Magazine.