Interswitch East Africa has partnered with Elie Technologies to launch Tuma Inc., a new contactless payment solution designed to empower Micro, Small, and Medium Enterprises in Kenya.
This innovative technology allows businesses to use smartphones as point-of-sale systems, eliminating the need for additional hardware.
This partnership aims to enhance financial inclusion by providing MSMEs with advanced payment solutions that are typically accessible only to larger enterprises.
Earlier this year, Interswitch also expanded its long-standing partnership with ACI Worldwide to drive payments modernization across Sub-Saharan Africa. This collaboration focuses on deploying ACI's Enterprise Payments Platform, which provides comprehensive solutions for retail and wholesale payments, including fraud management and real-time payment processing.
Regional Managing Director at Interswitch, Peter Kawumi, emphasized the company's commitment to building a financially inclusive ecosystem. He highlighted the collaboration with Elie Technologies as a significant step towards reshaping the payment landscape in Kenya.
Co-Founder and Chief Commercial Officer at Elie Technologies, Wesley Masinde, described the partnership as a "game-changer" for Kenyan businesses, noting the synergy between Elie Technologies' contactless merchant acquiring soft POS technology and Interswitch's robust switching and card processing capabilities.
