Our Background
Gamswitch is a company established by the Central Bank of The Gambia and a few private investors, to be a vehicle for rapid development of the retail electronic payment industry in The GambiaWho are We
Gamswitch is currently the only E-Payment Switch in The Gambia operating on a National scale.
Our Concept
We acts as an aggregator for all the parties involved in an online transaction; from the initiator to the recipient
Our Vision
Gamswitch’s vision is to transform retail payments in The Gambia through digitalization.
WHO WE ARE
Gamswitch is a company established by the Central Bank of The Gambia and a few private investors, to be a vehicle for rapid development of the retail electronic payment industry in The Gambia
Gamswitch is currently the only Electronic Payment Switch in The Gambia that operates on a National scale.It is the National Payment Switch for The Gambia.
Gamswitch provides a robust platform for the full online integration of all commercial banks, financial institutions, billing systems, international payment gateways and electronic channels such as ATMs, POS, Web and Mobile. Gamswitch also provides online daily settlement of all participants on its network via the Central Bank RTGS system.
One of the driving forces behind Gamswitch is to achieve online system integration with other parties in the payment ecosystem including Mobile payment operators, Retailers, Service providers, Government agencies and more.
WHAT WE OFFER
Simplified Integration
Provides one primary entry or access point to all payment systems and participants versus having multiple integration points for each initiative.
Cost Efficiency
Deliver seamless connectivity that ultimately reduces the overall cost, time and effort for all participants of its network
High Speed Connection
Provides easier and faster access to a community of paying customers and provides access to vast opportunities for online realtime payment collaborations.
Scalability
To position The Gambia as a financial and economic hub by operating an open, secure, value driven electronic payment infrastructure.
Standardization
To connect to International networks thereby enable interoperability of cards issued and ensure seamless acceptance of all International and African cards in The Gambia.
Simplified Access
Get access to your funds in the simplest way possible
Want to know the brains behind our success
Check on the wonderful people that are keeping the switch afloat. Each one comes with a different array of experience and expertise poised towards maintaining the Gambia's Digital Payment Industy FootprintOur Concept
Gamswitch as a National Payment Switch aims to create an online network for financial services and payments across The Gambia, especially (but not exclusively) for retail type transactions. It provides a gateway for individuals or organizations that need online access to their funds or need to make payments/ transfers across banks or need to receive/collect bills from customers.
It acts as an aggregator for all the parties involved in an online transaction; from the initiator (payer) to the recipient (payee).
Gamswitch does this on a scale and scope that makes electronic payment a viable alternative to the traditional form of transacting with physical cash.
A significant advantage for Gamswitch is the connectivity with all commercial banks in The Gambia. It is also in Gamswitch’s agenda to achieve online system integration with other parties in the payment ecosystem including Mobile payment operators, Retailers, Service providers, Schools, Money Transfer Operators, Utility companies, Government agencies and more.
Our Vision
As previously mentioned, Gamswitch’s vision is to transform retail payments in The Gambia. Gamswitch has already recorded milestone achievement with ATM Cash withdrawals and Balance Inquiries, for bank customers.
Today, Gamswitch has made it possible for customers of the commercial banks to visit virtually any ATM in the country to check their account balance and to access their funds. This means that account
holders (with debit cards) are no longer constrained by proximity or availability of their bank ATMs, and can be served by other bank ATMs as well.
Gamswitch’s next mission is to help transform the payment of bills and services. This proposal to NAWEC will be a major step towards achieving this vision. A vision of a payment ecosystem where “Anyone” can use “Any means”, “Anywhere” to pay “Any bill”.
Share Holders And Partners
Our Main Partners
Gamswitch is currently structured as a Public-Private partnership with a shareholding as follows
Two (2) of the shareholders, Unique Solutions and Interswitch Limited, are also technology providers for Gamswitch. Unique Solutions is one of the technology partners for Gamswitch. They are a respected technology company in The Gambia and has handled projects of similar national importance like the RTGS project with the Central Bank and the ACE cable project.
Unique Solutions provides network connectivity and VPN services to virtually all the Commercial banks in the country today.
Interswitch limited is the other technology partner for Gamswitch. Interswitch is the fastest growing technology company in Africa, according to the last report from Delloitte’s Fast 50 Companies (ref: http://fast50africa.com/winners-2014/). They've achieved unparalleled success in transforming the payment system in Nigeria. This achievement has been recognized regionally and internationally.