Country’s largest buy-aid organisatiat launches payment product at new card & account management platformIT news Africa #Co_SwitchSeptember 18, 2019
Co-Switch, a newly launched closed-loop payments platform, is currently being introduced to Cape Consumers and Iemas’ members and retail partners.
Cape Consumers under their Bsmart card brand and Iemas Financial Services are both member organisations that have been in business for 71 and 81 years respectively.
Both provide purchasing and payment solutions to members, using their collective buying power to negotiate discounts on purchases at retailers and service providers.
Ian Steyn, Product Executive at Innervation, says, “In Co-Switch, Innervation found the ideal customer to extend its payment services to include a comprehensive card and account management service.
In turn, Co-Switch benefits from Innervation’s position as a firmly-established third-party processer while gaining access to Innervation’s large established merchant network.”
With Innervation’s support, Volschenk and his team developed a three-phase strategy for Co-Switch, consisting of:
This enables greater and continued payments innovation for Bsmart and its partners while delivering a better customer experience to its members,” says Steyn.
The team’s passion for the local and African payments ecosystem also aligns with our commitment to provide effective and affordable payment solutions to our customers.”
He adds that there are exciting opportunities for Co-Switch to introduce new innovations to the SA market.
The rollout of new payment cards to Bsmart customers is currently underway.
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