TUE 16 NOV, 2021-theGBJournal- Africa’s leading integrated digital payment and e-commerce company, Interswitch Group, has today announced entering a strategic partnership with GusiiMwalimu Sacco to allow teachers make seamless transactions through a highly secure chip and pin payment card.
Effectively, Interswitch’s Verve debit card opens its Pan-African payment network to over 31,000 members of the Sacco, enabling them to transact from 185 countries across theworld.
Interswitch Group Kenya Country General Manager, Romana Rajput, said the payments firm is deepening relations with a wide range of financial services providers to boost local, international, and cross-border transactions over a secure platform.
“Our partnership with GusiiMwalimu Sacco will further help us to reach and empower more individuals and communities in Africa. As we get more people on our platforms using our payment solutions, we can understand their challenges better and create solutions that are tailored for Africa,” she said
GusiiMwalimu Sacco draws its membership from the Teachers Service Commission, universities, National and County governments as well as non-governmental organizations.
Verve is accepted on more than 2,000 ATMs and over 10,000 merchant POS stores countrywide, guaranteeing customers more convenience of completing transactions anywhere, 24/7 affordably.
“This new digital banking solution will meet the unique needs of our members while still being consistent with international standards and outlook. It will provide convenience and control beyond cash for the Sacco members,” said GusiiMwalimu Sacco Chairman, David Ogega.
The payment cards also give users the ability to regulate and monitor their expenses while offering business owners the opportunity to retain existing customers and attract new ones by offering a more convenient way to pay.
“Verve is the rewarding way to pay because it not only guarantees easy and convenient payments, but its users also enjoy consistent rewarding offers like subscription and payment discounts from their favourite vendors,” added Ms. Rajput.
Settlement and transaction tracking is also easier with digital payments which in turn lead to optimized processes and a more vibrant business.
“I am confident that with our track record over the years, this partnership would equally be successful in attracting a very good number of our members and more importantly improve our quality of service leading to more confidence and growth of the Sacco,” the Sacco chairman, Mr. Ogega added.
Interswitch said introduction of the card with its dynamic features is affirmation of its consistent commitment to making payments easy and convenient across Africa, and driving strategic partnerships that will position the firm for greater impact on the continent.
“We will continue to design and promote payment solutions that provide an enabling environment for businesses and individuals to prosper across Africa,” she said.
GusiiMwalimu Sacco is a member owned and member controlled financial institution regulated by the Sacco Societies Regulatory Authority (SASRA), offering a diversity of financial products and services to its members at reasonably low rates of interest.
GusiiMwalimu Sacco is a Deposit-taking Sacco established in the year 1977 but started operations in 1979. Its current membership stands at over 31,000 members drawn from the various member organizations including: TSC Secretariat, TSC teachers in Primary, Secondary schools & Tertiary institutions, Lecturers in Public and Private Universities, University Staff both public and Private, GusiiMwalimu Sacco Society Staff, Employees of National & County Governments, Ministries and state Departments, All civil servants, NGO employees and Pensioners.
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