By Charles Muchoki | Africa Guardian
Interswitch Group has been announced as the Gold Sponsor for the Africa Fintech Summit (AFTS) 2024, set to take place in Nairobi, Kenya, from September 4-6, 2024. This sponsorship aligns with Interswitch’s ongoing expansion across Africa, marked by significant milestones such as the recent enhancement of its partnership with ACI Worldwide to modernize real-time payments in 32 Sub-Saharan African markets, and its entry into various industry sectors including Healthcare, Energy, and Transportation.
Since its inception in 2002 in Nigeria, Interswitch has been a leader in financial technology and digital payments innovation, revolutionizing cash-based payment systems in Nigeria with the introduction of electronic payments and the Verve card—Africa’s premier EMV-standard chip and pin payments card. Verve now commands over 50% of the Nigerian card market, with significant adoption by banks and fintech startups. For example, OPay has issued 13 million Verve cards, and Moniepoint has distributed about 4 million.
Today, Interswitch stands as a major player in Africa’s financial ecosystem, offering a comprehensive suite of omni-channel payment solutions. The company’s mission is to integrate payments seamlessly into daily life across Africa, empowering individuals and communities through innovative transaction solutions. Interswitch’s expansive network and robust platform are pivotal to the continent’s payments infrastructure.
Commenting on the partnership with AFTS, Interswitch Founder & Group CEO, Mitchell Elegbe, said, “As a leading digital payments and commerce company with a strong focus on Africa, we are excited to support the Africa Fintech Summit. Our journey began 22 years ago with a vision to solve social issues by digitizing cash transactions. Now, as we leverage technology to transform other key sectors, we are pleased to align with this year’s AFTS theme, ‘Fintech In Every Industry.’”
Zekarias Amsalu, Co-Founder of AFTS and MD of Ibex Frontier, welcomed Interswitch’s role as Gold Sponsor, emphasizing the importance of their participation. “We are thrilled to have Interswitch at this year’s summit, sharing insights and expertise as a leading force in African payments. Their extensive experience fits perfectly with our 2024 theme, highlighting fintech’s impact across various industries.”
Since its inception in 2018, the Africa Fintech Summit has grown to be the largest annual fintech gathering on the continent. AFTS Nairobi 2024 will feature keynote speeches from Kenyan policymakers and AfCFTA representatives, panels, workshops, fireside chats, and a VIP dinner. The event will also include the Alpha Expo Pitch Competition and ecosystem tours.
Join Africa’s fintech innovators, investors, and regulators at the 12th edition of AFTS, debuting in Nairobi from September 4-6, 2024. The summit will be supported by an advisory board of thought leaders and fintech pioneers and will offer an array of opportunities for networking, investment, and collaboration. Secure your tickets now at AFTS website.
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