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In a bustling Nairobi on August 27, 2024, IntersWitch East Africa (Kenya) Limited, a prominent player in Africa’s digital commerce scene, unveiled an exciting new collaboration with Elie Technologies Proprietary Limited, known to many as Tuma. Together, they launched the Tumatapa contactless payment solution set to transform the way merchants and customers in Kenya transact.
Tumatap is a game-changer for Micro, Small, and Medium Enterprises (MSMEs) in Kenya. With this innovative solution, merchants can now accept contactless payments on any Android, iOS smartphone, or even feature phones, turning these everyday devices into powerful point-of-sale systems — no additional hardware needed. This simplicity and efficiency mark a significant leap forward for businesses across the country.
Interswitch, a trusted name in digital payments operating under the watchful eye of the Central Bank of Kenya (CBK), has recently been given the green light to switch and process card transactions for Tumatap merchants. This approval sets the stage for a partnership that combines Elie Tech’s groundbreaking soft POS technology with Inters which has deep expertise in switching, processing, and fraud protection.
The potential of this collaboration is immense. It’s not just about making payments easier; it’s about revolutionizing the way businesses operate. Real-time transaction processing ensures that merchants and customers alike enjoy a seamless and secure payment experience. For merchants, the real-time data from transactions offers a treasure trove of insights into customer behavior, enabling them to fine-tune their operations and grow their businesses.
Peter Kawumi, Regional Managing Director of Interswitch East Africa, highlighted the company’s commitment to financial inclusion. “This partnership allows us to leverage each other’s technological strengths to deliver a better payment experience for business owners and customers. Together, we are reshaping the payment landscape in the market,” he said.
On the other hand, Wesley Masinde, co-founder and chief commercial officer of Tuma Inc., expressed his excitement about the collaboration. “Our partnership with Interswitch is a game-changer for MSMEs in Kenya. By combining our innovative technology with Interswitch’s robust capabilities, we empower merchants with a powerful tool to enhance their payment processes and grow their businesses.”
Tumatap perfectly aligns with today’s consumer preferences for quick, tap-and-go checkouts that are both fast and convenient. Beyond the consumer experience, the solution offers merchants an affordable and efficient way to accept digital payments, cut down transaction costs, and boost their operational efficiency.
This partnership is set to touch various sectors, from Hotels, Restaurants, and Cafeterias (HORECO) to Bars, Spas, and even small retail kiosks, ensuring businesses of all sizes can benefit from the innovative payment solutions on offer.
As Interswitch continues to expand its footprint across Africa, this partnership with Elie Technologies stands as a testament to its unwavering mission: making digital payments accessible, secure, and beneficial for everyone.
