Interswitch Driving Financial inclusion in Africa: Can Africa`s Fintech Unicorn Sustain the Momentum?
| Case Code: LDEN178 Case Length: 15 Pages Period: 2002-2021 Pub Date: 2022 Teaching Note: Available |
Price: Rs.300 Organization : Interswitch Industry : Financial Services Countries : Nigeria,Uganda,Gambia Themes: Entrepreneurship, Banks and Banking , Innovation, Entrepreneurial, Strategy |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
In September, 2021 Interswitch Group (Interswitch), an Africa-focused integrated digital payments and commerce company, announced a new strategic partnership with Codebase Technologies (CBT) to accelerate the digital banking transformation across the African continent. Digibanc SaaS, hosted by Interswitch, would offer full front-to-back SaaS capabilities to financial institutions in West and East Africa through a rapid and cost effective deployment model that would allow for economies of scale. Working with CBT was expected to help Interswitch broaden its current digital offering while leveraging Interswitch’s brand recognition to increase the reach and visibility of Digibanc SaaS. On September 10, 2021 Jonah Adams, Interswitch, Divisional CEO, Digital Infrastructure & Managed Services, stated, “Africa is at the forefront of digitization, with the FinTech market across the continent rapidly evolving. There is also an increasing consumer demand for new, more accessible products and services, and for Interswitch, continuing to innovate and enhance our product propositions is critical. We are excited to partner with Codebase Technologies, bringing with them next-generation technological capabilities and expertise, as we continue our mission to increase access to financial services and drive financial inclusion across Africa.”..
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