Interswitch Expands to Democratic Republic of Congo, Partners Multipay to Enhance The Payments Ecosystem
Africa-oriented technology-driven company focused on payments, Interswitch, has expanded its operations to the Democratic Republic of Congo (DRC), where it has formed a strategic partnership with DRC’s first inter-banking platform, Multpay Congo, to enhance the payments ecosystem.
The partnership, which is a response to the rapidly evolving and expanding demands of the DRC market, will enable Multipay Congo to leverage Interswitch’s technology and expertise to deliver innovative and secure digital payment solutions to the Congolese market, supporting financial inclusion, driving digital transformation, and boosting economic growth in the country.
Speaking on the partnership, Managing Director of Multipay Congo Olivier Bueno said,
“We are delighted to partner with Interswitch Limited, another pioneer and leader in the African digital payment space. This partnership will enable us to continue to pursue our ambition to actively participate in the financial inclusion objectives of the Central Bank of Congo by developing innovative, accessible, secure digital financial products and services, adapted to the needs of the population and businesses.
“By working with Interswitch, we leverage our local knowledge and skills to promote financial inclusion and economic empowerment, as well as to support the development of the digital economy in DRC and in the region.”
Also speaking on the partnership the Managing Director, Payment Processing and Switching (Interswitch Purepay) Akeem Lawal said,
“We are pleased to enter this partnership with Multipay Congo to bring our transformative payment solutions to the Democratic Republic of the Congo. The partnership aligns with our overarching efforts to expand our footprint across more African regions, developing and deploying innovative solutions until payments are a seamless part of everyday life on the continent.
“As part of this partnership, we will strengthen our presence in the DRC, one of Africa’s most populous and promising markets, so, we look forward to working with relevant regulators and other financial service providers to jointly provide safe, reliable, and convenient financial services to individuals and businesses in the DRC.”
Interswitch partnership with Multipay Congo is expected to boost financial inclusion, economic growth, and social development in the sub-Saharan African country which has a population of over 100 million people and a GDP of over $40 billion.
