Interswitch joins race for Africa’s banking technology market with Temenos deal
- Interswitch partners with Temenos to offer managed banking services across Africa.
- The partnership will enable Interswitch to provide cloud-hosted and on-premises services to lenders.
- Interswitch aims to capture a larger share of banks' technology spending amid modernization efforts.
The partnership between Interswitch and Temenos represents a significant step towards modernizing banking technology in Africa. As financial institutions seek to upgrade their systems, this collaboration could lead to enhanced service delivery and innovation in the banking sector. However, Interswitch will need to navigate competition from established players to realize its ambitions.
