Interswitch and Vienna Payment Solutions (VIPASO) have announced a partnership to enhance payment solutions for banks, hospitality industry players, on-the-go services, financial institutions, and retailers.
The alliance introduces VIPASO, an innovative solution comprised of two distinct applications: a consumer app and a merchant app, on Interswitch’s platform, starting in Kenya, with progressively rapid regional adoption expected. The applications seamlessly operate between a smartphone/feature phone (consumer) and a smartphone/feature phone (merchant) or between a smartphone/feature phone (consumer) and an Android Point of Sale terminal (merchant).
The VIPASO solution utilizes Bluetooth low energy connectivity and offers an alternative payment method for consumers in scenarios where traditional card or mobile phone payments are inconvenient or hindered by unreliable internet connectivity.
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”, said “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.”
Head of Technology at Interswitch East Africa, said Naomi Wachir, said: “In envisioning a future marked by seamless payments, Interswitch remains steadfast in its mission to redefine the payment landscape.”
