Cross Switch expands to Kenya with Pesawise tie-up
Payment solutions provider Cross Switch has expanded its African foothold with the introduction of its service in Kenya and alliance with a licenced local payment provider Pesawise.
This collaboration utilises Pesawise's regulatory status to facilitate Cross Switch's launch in Kenya, aiming to provide payment solutions to businesses, merchants, and charitable organisations.
It enables Kenyan merchants to access Cross Switch's global payments infrastructure, offering a variety of payment channels such as Visa, Mastercard, AmEx, mobile money, and bank platforms.
The unified platform from Cross Switch is designed to streamline payment processing, reduce costs, and speed up transaction settlements for businesses.
The company's services are already in use by merchants in various sectors across Africa and Latin America, including hospitality, e-commerce, delivery services, and cryptocurrency where regulations permit.
Cross Switch CEO Tim Davis said: 'During the establishment phase of this partnership it is refreshing to see a shared common set of values with Pesawise, to provide our customers with best-in-class service levels and straightforward solutions.
'And a common mission to democratise technology and drive social impact across Africa. With their exceptional team and proven ability to provide relevant value-added services, we believe Pesawise will excel in the fast-moving fintech space.'
Cross Switch aims to deliver payment solutions along with fraud prevention, risk management, and effective reconciliation capabilities.
Pesawise CEO Jamal Khan stated: 'We're thrilled to take this next step in our journey with Cross Switch as our technology partner. Their deep knowledge and robust technology solutions will enable us to provide innovative solutions tailored to the needs of emerging markets.
'Together, we aim to strengthen the digital payments ecosystem in Kenya. We've already secured key wins together—including supporting merchants like Glovo Kenya—through a combination of Cross Switch's expertise and our dedicated local team.'
"Cross Switch expands to Kenya with Pesawise tie-up " was originally created and published by Electronic Payments International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
This ‘dual-use' electric tractor can sow fields and run guns
A Spanish startup called Voltrac says it is building a new breed of smart tractor—one that could sow fields by day and run weapons to soldiers by night. And while the Hot Wheels-looking, fully electric tractor is currently remote-controlled, Voltrac is working to make its next version fully autonomous. This 'dual-use' tractor, first spotted by The Next Web, reportedly weighs 3.5 tons—roughly the size of a young African elephant—and has a carrying capacity of nearly 8,900 pounds. It can reach a top speed of around 24 miles per hour and operate for anywhere between 8 to 20 hours, thanks to two large 200kW batteries. The Voltrac comes equipped with a suite of sensors and onboard cameras that can be used to monitor a crop field—or a mine-filled battlefield. Currently, the Voltrac is remotely controlled by a human operator who steers the machine through a first-person point of view. The company told TNW it's currently awaiting EU regulatory approval to allow the machine to operate fully autonomously. In theory, they say, one remote operator, be it a farmer or a military commander, could oversee multiple shiny steel tractors working simultaneously. Voltrac says its low-profile tractor uses distributed electric propulsion via per-wheel motors, which it claims helps eliminate around 70 percent of traditional tractor components. That increased efficiency, they say, should reduce annual maintenance and operating costs for the owner by roughly 30 percent. Voltrac did not immediately respond to Popular Science's request for comment. As a farming tool, the Voltrac features a hitch that can be used to attach common tools of the trade like plows, mowers, or cutters. It also supports a large, attachable flatbed add-on for transporting containers full of tools and gear. The machine's cameras can be used to conduct what the company calls 'live experiments' on crops. The tractor could, for example, treat different parts of a field in slightly different ways to observe how plants respond to various treatments. For military applications, the tractor could be used to remotely inspect areas for signs of mines, improvised explosive devices, or other unexploded ordnance. Its hefty carrying capacity means it could also be deployed to troops in difficult or dangerous-to-reach areas. Voltrac told TNW it is in early talks with several NATO departments regarding the tractor's potential use in military scenarios. 'It's built for tough terrain, and it doesn't risk human life. It can do the same job whether it's hauling crops or carrying ammo,' Voltrac's co-founder and CTO Francisco Infante Aguirre said in a recent interview with TNW. Using farming equipment for war might sound odd, but it's not a totally novel idea. In Ukraine, farmers are already using basic tractors retrofitted with abandoned Russian tank parts to scour crop fields for unexploded mines. Others have reportedly built DIY radio-controlled tractors to clear mines and debris from contested farmland. Major militaries around the world—such as those of the US and France,—have already demonstrated the use of remote-controlled robots, similar in shape and size to the Voltrac, to aid in resupply efforts. Voltrac likely still has hurdles to clear before reaching that stage. The company is still raising money and says it plans to start shipping its first tractors in early 2026.
Business Upturn
10 hours ago
- Business Upturn
Kenyan government has revealed plans to adopt the Danish F2 platform
By GlobeNewswire Published on June 6, 2025, 11:57 IST Press Release no. 03/2025 Kenyan government has revealed plans to adopt the Danish F2 platform Copenhagen, June 6, 2025 cBrain (NASDAQ: CBRAIN) is pleased to share that the Kenyan Ministry of Information, Communications, and the Digital Economy has revealed plans to roll out the F2 digital platform across all government departments, thereby transitioning into paperless working environments. The plans were shared with Kenyan media by Cabinet Secretary William Kabogo on June 4, following a high-level meeting with the Danish Ambassador to Kenya, Stephan Schønemann. The project is being implemented with support from the Danish government, and cBrain is proud to contribute its technology to this strategic collaboration. According to the Cabinet Secretary, the new digital platform will be fundamental in reinforcing transparency and accountability in the Kenyan public service. 'To ensure efficient service delivery, the government requires clear processes and decision-making that can be traced, transparent, accountable, and timely. This is fundamental to ensure every action is fully auditable,' he told the media. This comes two months after the Cabinet Secretary told the media that the Ministry was piloting a paperless system, aiming to eliminate bureaucracies that slow down service delivery. F2 is a commercial off-the-shelf (COTS) digital platform designed specifically for government use, developed in close collaboration with the Danish government. F2 serves as the digital backbone for Denmark's central administration and is actively used by the Danish ministries and more than 75 Danish government organizations. Internationally, the F2 COTS for government platform has been deployed by government authorities across five continents. Purpose-built to support public sector workflows, compliance, and documentation needs, F2 enables fast, scalable, and legally compliant digital operations across the public sector. Best regards Per Tejs Knudsen, CEO Inquiries regarding this Press Release may be directed to Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, [email protected], +45 2594 4973 Attachment Press Release no 2025-03 (Kenyan government has revealed plans to adopt F2) Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Insider
13 hours ago
- Business Insider
Top 10 African countries with the lowest GDP growth in 2025 compared to last year
In 2025, the economic outlook for most African countries in terms of real GDP growth is less optimistic than in the previous year. Business Insider Africa presents the top 10 African countries with the lowest GDP growth in 2025 compared to last year. This list is courtesy of the Africa Pulse report by the World Bank. South Sudan ranks number 1 on the list. Numerous obstacles and drawbacks for the continent's growth trajectory are presented by this declining tendency. These nations have the potential to influence trade patterns and regional integration by serving as pillars of stability and economic power in their respective areas. African nations with increasing growth are standing out in a year when many economies are slowing down; they are creating the foundation for long-term benefits, increased global significance, and better living conditions for their people. First and foremost, governments are less able to create jobs when GDP slows. The youthful population of Africa is growing quickly, with millions of young people joining the workforce every. Job creation falls behind population growth as economic development stagnates, which exacerbates underemployment and unemployment. More young people may be forced into informal or unstable labor as a result of this circumstance, which might intensify social discontent. Secondly, government revenue is constrained by slower GDP growth. Tax revenue declines with slowing economic activity, which leaves governments with less money to spend on vital areas like public safety, infrastructure, healthcare, and education. Significant investment in growth is hampered by high debt and limited fiscal flexibility. Investors generally prefer stability and growth, and a decline in economic performance indicates increased risk. This implies that countries experiencing slower development may have a more difficult time attracting investment for manufacturing, technology, and resource extraction initiatives, all of which are critical areas for long-term structural reform. Furthermore, countries with slower development are more susceptible to external shocks. Whether it's a rise in fuel prices, climate-related disasters, or trade disruptions, economies that aren't growing fast enough have fewer buffers to absorb these impacts, resulting in increased inequality and economic fragility. With that said, here are the African countries with the largest dip in real GDP growth this year, from last year, as per the Africa Pulse Report by the World Bank. Rank Country Real GDP growth rate 2025 Real GDP growth rate 2024 1. South Sudan -34.7 -7.2 2. Equatorial Guinea -3.1 1.6 3. Rwanda 7.0 8.9 4. Ghana 3.9 5.7 5. Angola 2.7 4.4 6. Democratic Republic of Congo 4.8 6.5 7. Ethiopia 6.4 8.1 8. Mauritius 3.2 4.7 9. Cabo Verde 5.9 7.3 10. Niger 7.1 8.4
