VIPASO Partners Interswitch to Launch Innovative Payment Solution in East Africa
Vienna Payment Solutions (VIPASO), has announced a partnership with Interswitch to launch innovative payment solutions for banks, hospitality industry players, on-the-go services, financial institutions, and retailers in East Africa.
According to both companies, the collaboration involves the introduction of VIPASO, which comprises two distinct applications.
In a statement, the partners explained that one of the features includes a consumer app and a merchant app, on Interswitch’s platform, starting in Kenya, with progressively rapid regional adoption expected.
They further stated that the solution would also utilize Bluetooth low-energy connectivity to offer an alternative payment method for consumers in scenarios where traditional card or mobile phone payments are inconvenient or hindered by unreliable internet connectivity
Speaking on the partnership, Interswitch Country General Manager for Kenya, Romana Rajput, said,
“As a strategic response to evolving challenges, this collaboration not only fortifies the security of financial transactions but also underscores Interswitch’s commitment to fostering digitalization and financial inclusion in Kenya. The VIPASO solution reflects Interswitch’s dedication to being a catalyst for industry innovation, adapting to changing trends, and meeting the evolving needs of customers in the pursuit of reliable solutions for financial inclusion.”
The Chief Executive Officer, of VIPASO, Matthias Horvath, added,
“We are honored to partner with Interswitch in East Africa on our mission to make VIPASO technology available to everyone, everywhere. We started VIPASO with the goal to make POS (point of sale) payments simple, reliable, safe, and universal. The partnership with Interswitch marks significant progress towards achieving this goal.”
For those without fancy tech or reliable internet, VIPASO unlocks the digital economy, boosting financial growth across the region. This collaboration with Interswitch bridges the gap in the payment industry.
