e-Revenue Gateway Partners With ElectraCard Services to Introduce Contactless Electronic Payments in West Africa

e-Revenue Gateway Partners With ElectraCard Services to Introduce Contactless Electronic Payments in West Africa
01.08.2013 01:00 am

e-Revenue Gateway Partners With ElectraCard Services to Introduce Contactless Electronic Payments in West Africa

Payments

ElectraCard Services powers e-Revenue Gateway (e-RG), a payment processing and electronic transaction switching company, to launch contactless electronic payments in Nigeria.  ECS’ PA-DSS compliant platform will help e-RG to launch programs with multiple financial institutions and channels like ATM/ POS/ Internet/ Mobile on the same platform. Contactless, otherwise commonly known as “tap & go” payment cards, are more convenient to use and perfectly aligns to “Cashless Nigeria” initiative of Central bank of Nigeria (CBN).

The eRG payment cards offer consumers a choice of debit or prepaid Smart Cards with the first NFC (Near Field Communication) capabilities in the country. e-RG’s platform is meant to better serve clientele in making and accepting payments, tax remittances and utility bill payments. This is the next generation payment technology that enables the customers to make payments without swiping their card.  

The launch of this card by e-RG enables all card users to pay their bills in a safe, secure and seamless environment along with the use of the card for personal requirements. The electra iTx suite of products will assist e-RG in its plans to increase the card base to 50 Million users in the next five years. The CBN’ Cashless Policy is a vision of a world beyond cash and believes that electronic payments can enable economic growth and create a more financially inclusive economy.

Mr. Ramesh Mengawade, CEO, ElectraCard Services said, “We are extremely proud to implement the electra suite of products for e-RG as it is the first-of-its-kind project in Nigeria. The electra suite offers customers the flexibility to implement innovative payment solutions and empowers them to deploy new services in the market quickly. We are certain that this project will be a trendsetter and will raise productivity and provide widespread benefits to consumers.”

Mr. Benjamin Adebajo, CEO, e-Revenue Gateway said, “We are very happy with our choice in ECS, as they have been able to provide us with end-to-end solutions for our payment requirement. The ECS suite is scalable and provides enhanced security, ease of integration and their expertise in working with MasterCard PayPass makes them the ideal choice.”

Related News

Danske Bank opens up for payment initiation with Nordic API Gateway

The open banking platform, Nordic API Gateway, announces that it has extended its partnership with Denmark's leading bank to enable customers to pay from other... Read more »

Mastercard, AMEX & Visa announce global expansion of Click to Pay

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s... Read more »

Soldo extends partnership with Mastercard

Spend management platform Soldo today announces that it has extended its partnership with Mastercard®, to become a principal member of the... Read more »

Paymentology upscales Singapore presence to serve Asia Pacific Growth

Closely following the expansion of its Middle East office, UK fintech cloud-payment processor, Paymentology has announced a similar focus on Singapore, with... Read more »

Mambu integrates with Currencycloud to offer transparent and scalable international payments capabilities to clients

Mambu, the market-leading cloud banking platform, has partnered with Currencycloud, the leader in providing embedded B2B cross-border... Read more »

Barclaycard extends partnership with SAP to include payment gateway access

Barclaycard Payments has extended its relationship with SAP to make its payments gateway product, Smartpay, available to SAP customers across Europe.

From today, any... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel