Interswitch has just made a major move into Africa’s banking technology space. On June 4, 2026, the Nigerian fintech giant announced a partnership with global banking software company Temenos, a deal that signals a clear shift in strategy from payments-only infrastructure into full-scale banking technology services across the continent.
What the partnership really means is that Interswitch will now integrate Temenos’ core banking, digital banking, payments, wealth management, and financial crime systems into its offering. Instead of just processing transactions, Interswitch wants to help banks run their entire operations on its infrastructure, both cloud-hosted and on-premise. That puts it in a new category: a full banking technology provider, not just a payments company.
Why this matters is simple. African banks are under pressure. Many are still running on outdated systems that are expensive to upgrade and slow to modernise. At the same time, demand for digital banking is rising fast across markets like Nigeria, Kenya, Ghana, and Côte d’Ivoire. By combining Temenos’ global software with its own deep local footprint, Interswitch is trying to position itself as the bridge between legacy banking systems and modern digital-first finance.
Read more: https://techpoint.africa/insight/techpoint-digest-1360/
