Partnering with Pesawise, Cross Switch Extends Operations to Kenya
Cross Switch Expands into Kenya's Digital Payments Market
Cross Switch, a mission-driven payments company known for democratizing digital finance, has announced its entry into Kenya's growing digital payments market through a partnership with Pesawise. This move aims to strengthen the digital payments ecosystem in Kenya and deepen Cross Switch's local impact.
According to Jamal Khan, CEO of Pesawise, the goal of the partnership is to enhance online payment capabilities and support the growing digital economy in Kenya. Cross Switch offers scalable payments infrastructure supporting transactions via Visa, Mastercard, AmEx, mobile money, and bank platforms.
The sectors in focus for the partnership include e-commerce, hospitality, crypto (in approved markets), and delivery services. Cross Switch aims to become a go-to payment solution provider for businesses of all sizes in Kenya, backed by strong fraud prevention, risk management, and reconciliation tools.
The expansion strengthens Kenya's digital payment ecosystem, facilitating seamless transactions for merchants and consumers, particularly in e-commerce. It also supports financial inclusion by enabling more efficient payment processing across digital platforms. By integrating local and international payment solutions, Cross Switch helps diversify payment options and increase interoperability in Kenya's financial sector.
Cross Switch's leadership, including CEO Tim Davis, is active in international payments forums, signaling intentions for further global integration and innovation in payments services. The expansion aligns with broader continental trends where African banks and fintechs aim to deepen their presence across African markets, driving the adoption of pan-African digital financial services.
Kenya’s growing digital economy and regulatory support for digital payments create a favorable environment for Cross Switch to scale operations and introduce more advanced payment solutions in coming years. The partnership with Pesawise has already supported local merchants like Glovo Kenya.
The partnership between Cross Switch and Pesawise is about more than just technology. Both companies share a mission to support social impact efforts across the continent. Cross Switch's unified platform simplifies processing, cuts costs, and speeds up settlements, making it an attractive option for businesses in Kenya.
In summary, Cross Switch’s Kenyan expansion is centered on advancing payment processing infrastructure in e-commerce and fintech, with a vision to integrate Kenya more deeply into Africa’s growing digital financial ecosystem and support cross-border trade initiatives. This fits within Kenya’s broader economic growth drivers and regional integration ambitions.
[1] Cross Switch's Kenyan Expansion: A Boost to E-commerce and Fintech, TechCrunch, Link [2] Africa's Fintech Boom: The Role of Pan-African Digital Financial Services, Forbes Africa, Link [3] Kenya's Digital Economy: A Growing Opportunity, World Bank, Link [4] Kenya's Regulatory Support for Digital Payments, Central Bank of Kenya, Link [5] Kenya's Role in Regional Digital Trade, African Development Bank, Link
- Cross Switch, through its expansion into Kenya's digital payments market, aims to strengthen the local business sector by providing advanced technology-driven payment solutions, particularly in e-commerce and fintech.
- By integrating various payment options like Visa, Mastercard, mobile money, and bank platforms, Cross Switch is working towards enhancing financial inclusion in Kenya, while also fostering cross-border trade initiatives and deepening Kenya's integration into Africa's growing digital financial ecosystem.
