• slide 1

    Switching | Development | Professional Services

  • slide 2

    Switching | Development | Professional Services

Who we are

Kenswitch is the Payments Service Provider (PSP) of choice in the Kenyan market since 2002. We facilitate commercial banks and other financial services participants provide ubiquitous payments across the East African region.

News and Events

ABSA BANK KENYA CUSTOMERS TO ACCESS OVER 2200 KENSWITCH ATMs IN NEW PARTNERSHIP DEAL

NAIROBI, May 23, 2022 - Kenswitch Kenya Limited and Absa Bank Kenya Plc have formed a partnership that will allow the bank's customers to access over 2200 ATMs on the... Read more

Kenswitch appoints Karimi Ithau as the new Managing Director

Nairobi, Kenya, 14th June 2021 – The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its new market direction. Ms. Karimi... Read more

Kenswitch offers insurers common payments system for imports cover

Shared payment systems firm Kenswitch has said it will offer a common marine insurance platform for stakeholders so that they do not invest in individual units as new rules come... Read more

Kenswitch is Part of the EAC Regional Switch Initiative

The East African Community Secretariat (EAC) through its Financial Sector Development and Regionalization Project I (FSDRP I), recently launched a regional switch initiative that saw four switches integrate to facilitate... Read more

Shared payment systems firm Kenswitch has said it will offer a common marine insurance platform for stakeholders so that they do not invest in individual units as new rules come into force. The hosted marine cargo insurance certificate issuance and payments platform comes as the January 1, 2017 deadline to implement the local insurance for import looms.

Section 20 of the Insurance Act mandates all importers to buy local marine cover.  The firm said its payment platform negates the need for insurers to procure at great cost and inconvenience in-house based systems adding to the cost of providing insurance products in Kenya.

“The problem of delayed payments within the insurance sector would be finally addressed as settlement on the platform will be effected on a next-day basis,” said Kenswitch managing director George Wainaina while hosting insurance industry players at a breakfast conference in Nairobi yesterday.

Financing packages

“In addition, premiums need not be paid upfront as several banks on the Kenswitch network had signed on to offer financing packages.”  Mr Wainaina said the gateway is fully integrated into the banking sector and provides for payments across multiple channels including bank branches, bank agents, mobile banking, Internet banking, credit and debit cards and mobile money channels.

“The hosted platform integrates to Kenya Revenue Authority as well as Kenya Bureau of Standards to ensure that there are no revenue leakages due to under-declaration and that high quality standards are observed on all imports,” it said.

Several firms in the Kenyan insurance industry are eyeing new multi-billion business opportunities the new requirements have created.

20
YEARS
26
Financial Institutions
2100
+ ATM Networks
15000
+ AGENT BANKING NETWORK

About Us

Kenswitch is a Payments Service Provider (PSP) of choice in the Kenyan market, regulated by the Central Bank of Kenya under the National Payments System (NPS) Act 2011, and has been in the market since 2002. Kenswitch facilitates commercial banks, insurance companies, and other financial services intermediaries with ubiquitous payment processing across the African region. 

Media Platforms