UnionPay International (UPI) has joined forces with Interswitch East Africa (Kenya) to accelerate payment digitalisation across Africa.
The latest agreement consolidates UPI’s existing partnership with Interswitch in West Africa and is aimed at boosting acceptance of its cards in Africa.
As per the agreement, Interswitch will act as a third-party service provider (TPSP) for UnionPay International in East Africa.
The agreement will facilitate UnionPay card acceptance across ATMs, points-of-sale, QR payments and online payments.
Interswitch East Africa country general manager for Kenya Romana Rajput said: “UPI and Interswitch East Africa (Kenya) Limited share a mission to provide convenient and secure payment solutions across Africa, and this partnership continues our work to broaden acceptance to cardholders transacting across the region.
“I look forward to working with the UPI team and am excited for the opportunities this new agreement presents.”
Interswitch Group founder and CEO Mitchell Elegbe said that the new licensing agreement reinforced Interswitch’s focus on achieving broad acceptance.
“We are delighted to expand our existing partnership with UPI, this time to East Africa. The region presents great opportunity following significant transformation in recent years with the rapidly increasing adoption of digital technologies,” Elegbeadded.
Luping Zhang, general manager of UnionPay International Africa Branch, said: “We are committed to promote high-quality digital payments in Africa. Together with Interswitch, we present a powerful solution allowing African businesses to better integrate into the global marketplace.”