Cross Switch, a payment technology company powering digital transactions across emerging markets, today announced the promotion of Jacob Yermalitski to Chief Technology Officer (CTO). A co-founder of the company, Jacob has helped shape Cross Switch’s technology strategy since its onset, most recently serving as Director of Engineering.
Jacob assumes the CTO role from Mike Kenrich, who now continues in the business as Chief Information Officer. As a founder of Cross Switch, Mike has been central to building the company’s technology foundation, engineering team, and leadership structure, and remains actively involved in supporting its ongoing growth.
In his new role, Jacob will lead the company’s technology vision and innovation agenda, further strengthening Cross Switch’s scalable, API-driven payment orchestration solution that connects merchants, payment partners, and service providers to banks, mobile wallets, and local payment rails across Africa, Latin America, and other high-growth regions.
Tim Davis, Group CEO of Cross Switch, welcomed the promotion: “Jacob has been central to Cross Switch’s journey from day one. His technical leadership, deep understanding of payments infrastructure, and commitment to building resilient, scalable technology make him the natural choice for CTO. As we continue expanding across emerging markets, his vision will be key to delivering secure, seamless payment solutions for our partners and customers.”
Jacob Yermalitski brings extensive experience across software engineering leadership, quality assurance, and fintech infrastructure. Prior to co-founding Cross Switch, he held senior roles in software QA and QE management, building strong foundations in system reliability, performance, and product scalability, capabilities that have been instrumental in the company’s growth and operational maturity.
Jacob commented on his promotion: “Stepping into the CTO role is a key responsibility I take seriously. I’m incredibly proud of what our team has achieved so far. As we move forward, my focus will be on strengthening our platform, scaling innovation across emerging markets, and continuing to deliver secure, reliable payment solutions that make a real difference for our partners and customers.”
Cross Switch continues to advance its mission to simplify, scale, and secure digital payments, helping businesses connect to local and global payment ecosystems through a single integration while supporting growth across some of the world’s most dynamic markets.