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The Nairobian

Paynet Group rebrands to Interswitch; unveils new corporate identity in Kenya.

Sci & Tech

By Standard Reporter | Nov 20, 2015

Interswitch Group Managing Director Mitchell Elegbe and Bernard Matthewman, CEO – Interswitch East Africa

NAIROBI, KENYA: Interswitch has launched its brand new corporate identity in Kenya. This marks a new phase in the company’s expansion across Africa and follows the completion of merger with leading East African e-payments provider Paynet Group.

Effectively, Paynet Group - East Africa’s leading multi-institutional payments provider and owner of PesaPoint brand now becomes Interswitch East Africa.

Paynet started in Kenya in 2003 and is known for a number of innovations including building the extensive PesaPoint network of ATMs and agents in Kenya, linking ATMs with M-PESA and driving the adoption of EMV Chip cards.

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Following the announcement and official opening of new offices for the business, Kenya becomes the second country where Interswitch has rebranded its operations, after it unveiled a new logo in Nigeria last month seeking to establish uniform brand values and identity across Africa. Interswitch operations in Uganda and Gambia will also rebrand before end of year.

Interswitch Group Managing Director Mitchell Elegbe said the new brand reflects its ambition to continue to grow its world class service across the African continent.

“Interswitch’s new logo and brand is a confident statement of our leading position in the market and sets us apart from the competition. The bold design clearly reflec ts the best-in-class service we provide our customers, our ambitious pan-African expansion plans and our relentless pursuit of new and innovative e-payment solutions for the African market.

“Our future at Interswitch is increasingly bright as we continue to push the frontiers of not just digital payments but commerce as a whole.”

The new identity celebrates Interswitch’s continuous drive to innovate e-payment solutions tailored to the African market with the aim of delivering ‘intuitive exchange’, where transactions happen at the speed of thought.

Bernard Matthewman, CEO – Interswitch East Africa commenting on the launch said the new bold yet simple design encapsulates the personality, drive and values of integrity and trust that are central to the Interswitch brand.

“For our customers, partners and stakeholders, re-branding of our business to Interswitch comes at a time when we are investing heavily in people, training and technology to ensure we position the business to deliver a greater range of services and enhanced service levels. We now have an unrivalled, truly borderless pan-African payment infrastructure under Interswitch which we will leverage to enable faster transactions, innovation and even greater value for our partners.”