RSwitch Signs Partnership with EFT to Empower Financial Access in Rwanda
RSwitch, the national e-payment switch of Rwanda, has announced a new partnership with African fintech giant EFT Corporation to enable Rwandans to access their money across all technological platforms. The deal will see RSwitch benefit from EFT’s extensive suite of end-to-end payment solutions, enabling faster transactions between banks, mobile operators and ATMs. The new capabilities will allow Rwandan citizens to access their money seamlessly and accelerate the local economy.
RSwitch, which was established in 2003 with a vision to run Rwanda’s electronic payment system has seen rapid growth in recent years and has expanded its remit to serving as a financial interoperable solution company. The company’s online payment gateway facilitates merchants to collect their payments from different channels, namely: Visa cards, MasterCard, Union pay, Amex, Smartcash as well as mobile wallets. The deal will support the Government of Rwanda’s Vision 2050 to accelerate to an upper middle-income country by 2035, supported by a robust and inclusive financial sector, including a safe, reliable, and efficient payment system.
Mathieu Rwiyereka, CEO, RSwitch comments, “These are incredibly exciting times for RSwitch and this partnership will enable us rapidly increase our payments capabilities by benefiting from EFT’s powerful technology solutions. Our mission is to extend full financial inclusivity to every citizen in Rwanda, and we will continue to innovate and bring new products and services to enable this to happen.”
Grant Flanagan, Chief Operating Officer of EFT Corporation added, “The RSwitch team have a proven track record of designing and delivering world-class payments services to citizens across Rwanda and we are proud to be working alongside such an innovative organisation. Our combined expertise and technology will further accelerate financial solutions to millions of people in Africa and is another landmark moment in EFT’s continued expansion.”
- NFP Unifies Brand, Strengthens Operations in Ireland, Eyes Europe Expansion Read more
- JUMO Launches First-of-its Kind Asset Management Engine, VELA Read more
- Digital-First Life Insurance Platform Amplify Announces New Investment Round Led by Munich Re Ventures Read more
- $4 billion in illicit laundered through cryptocurrency transfers Read more
- Frank Molla, BPC – Enabling Customer Choice Read more