Nigerian payments giant Interswitch has entered a strategic collaboration with Swiss banking technology leader Temenos to enhance its digital banking infrastructure and expand managed services for financial institutions across the continent. The partnership will see Interswitch adopt Temenos’ cloud-native platform across core banking, digital banking, payments, wealth management, and financial crime compliance modules.
The Lagos-based company will use Temenos technology to provide both cloud-hosted and on-premises managed services to banks and other financial institutions, initially targeting key African markets including Nigeria, Ghana, Côte d’Ivoire, Kenya, and several other countries. The move allows financial institutions to progressively modernise their banking platforms and transition toward more customer-centric operating models.
Brandspur Banking News Desk understands that the collaboration marks a strategic shift for Interswitch as it accelerates expansion beyond its traditional payments business. The company, which operates in 32 African countries and supports more than 300 financial institutions, is best known for its Quickteller digital payments platform and Verve International payment card scheme, which recently surpassed 100 million issued cards.
Industry observers note that the adoption of Temenos’ composable banking platform provides Interswitch with greater flexibility and scalability to deliver banking services tailored to African market conditions. The partnership also extends Temenos’ reach across the continent while strengthening its ecosystem of technology partners serving the region’s rapidly evolving financial sector.
