Firms Commit to Advance Nigeria’s Digital Banking Technology

A joint delegation, led by Interswitch Group CEO Mitchell Elegbe and Temenos MEA Managing Director Santhosh Rao, has explored new avenues for innovation in Nigeria's financial sector.

The collaboration between Interswitch, Africa's leading integrated digital payments company, and global banking software provider Temenos, focuses on advancing core banking modernization, mitigating financial crime, and exploring Central Bank Digital Currency (CBDC) innovation.

During a recent visit to the Central Bank of Nigeria (CBN) in Abuja, the companies discussed how their strategic partnership, announced in June 2026, will enable Nigerian financial institutions to update their core banking platforms and adopt more customer-focused business models. They also explored opportunities to work with the CBN on CBDC issuance and management.

Mitchell Elegbe, Founder and Group CEO of Interswitch, emphasized the shared commitment to building resilient and inclusive banking infrastructure. "We are proud to be at the table as these conversations shape the future of digital banking technology and innovation across key Africa markets," he stated.

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Our partnership as Interswitch with Temenos and our continued engagement with the Central Bank of Nigeria reflect a shared commitment to building banking infrastructure that is resilient, inclusive, and ready for the next phase of Africa’s financial evolution. We are proud to be at the table as these conversations shape the future of digital banking technology and innovation across key Africa markets.