Interswitch has signed a new partnership with Temenos to sell managed banking technology services across Africa. Temenos announced the deal on June 4, 2026. Under the agreement, Interswitch will use Temenos software across core banking, digital banking, payments, wealth management, and financial crime controls. It will offer those services in cloud-hosted and on-premises setups, starting with markets such as Nigeria, Ghana, Côte d’Ivoire, and Kenya.
Interswitch built its brand on payments with products like Quickteller and Verve. Now it wants a bigger role inside the systems banks use every day. Interswitch executive Jonah Adams said the company is accelerating its expansion beyond payments and adding a highly configurable banking platform to its stack. Interswitch wants to help banks run more of their business on its infrastructure, not just move money through it.
What the partnership covers
Interswitch will package Temenos tools for core banking, digital banking, payments, wealth management, and financial crime management into managed services for banks and other financial institutions. Temenos says this setup will help institutions upgrade their platforms in stages and build more customer-focused banking models.
Banks do not always want long and risky rebuild projects. Temenos now sells a composable core model that lets institutions adopt single capabilities over time. It also supports on-premises, cloud, and SaaS deployment. That gives Interswitch room to pitch the same technology in ways that fit different bank budgets, rules, and internal systems.
Interswitch pushes beyond payments
Interswitch enters this deal with real scale in African finance. Temenos says the company operates in 32 African countries and supports more than 300 financial institutions. Interswitch also says it has spent more than 20 years building digital rails across the continent. Banking software sales depend on trust, local market knowledge, and long-term support. A company that already works with banks has a better shot at selling deeper infrastructure.
Temenos highlighted Quickteller and Verve in the announcement, and Interswitch recently said Verve has passed 100 million issued payment cards. That number shows how far the group has already spread across everyday payments. It also explains why the company sees room to move closer to the banking core. Once a payments firm reaches this scale, the next layer of growth often sits in infrastructure, enterprise services, and software for financial institutions.
Temenos adds proven banking software
Temenos brings the global banking software muscle in this partnership. On its official product pages, the company says more than 950 banks use its core banking capabilities and that it supports banks in over 150 countries. It also says banks can deploy their system on premises, in the cloud, or as SaaS. Those claims help explain why Interswitch chose Temenos instead of building every layer alone. Interswitch gets a mature banking stack. Temenos gets a stronger local route to African banks.
Temenos has also stayed active in the market this year. Its press releases page shows recent customer announcements with Questrade Financial Group on May 14, 2026, HBL on May 7, 2026, Reliance Bank on May 6, 2026, and First Abu Dhabi Bank on May 5, 2026. Those deals show that Temenos is still winning modernisation work in several regions. For Interswitch, that gives the partnership added credibility because it ties its banking push to a vendor that still lands new core banking and SaaS business.
The Next Step
The next step will decide how powerful this partnership becomes. If Interswitch executes well, it will sell more than software access. It will sell local implementation, support, integration, and managed operations to banks that want better systems without the cost of building everything in-house. That creates a stronger business line for Interswitch and gives Temenos a wider reach in priority African markets.
Interswitch no longer wants to sit only at the edge of a transaction. It wants a seat inside the banking stack itself. The Temenos deal gives it the software depth to chase that goal. Now the market will watch how fast banks sign on, how well the services roll out, and how strongly Interswitch can turn payments scale into banking technology revenue.
