ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, 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.”
About e-Revenue Gateway
e-Revenue Gateway (e-RG) is a payment processing and electronic transaction switching company. The company is setup to handle revenue collection across all e-payment channels with online, real time reporting with volume processing of prepaid, debit, credit card and EFT POS transactions.
e-RG (e-revenuegateway.com) was formed by leading and experienced world-class IT firms with the aim of promoting secure payments across multiple payment channels, Recurring Billing System, Remittances and Reporting in Nigeria and Africa as a whole. e-RG provides support to automate transactions through these channels and provides links to Banks via multiple interfaces.
About ElectraCard Services
ElectraCard Services (electracard.com | opussoft.com), a subsidiary of Opus Software Solutions, is a leading provider of software solutions and processing services for electronic cards and payment systems across the globe. ElectraCard Services facilitates banks and financial institutions, retailers, exchange houses and telcos to electronically process, in real-time, card transactions, online transactions, mobile payments and services, and contactless payments. ECS is a PCI-DSS certified Third Party Processor (TPP) for MasterCard® and VISA® across the issuing and acquiring space. ECS’ extensive global experience with deep domain knowledge and a comprehensive and robust solution enables the company to provide cost effective solutions that address the flexibility challenges of today’s financial market.
®MasterCard is a registered trademark of MasterCard International, Incorporated.
®VISA is a registered trademark of VISA International Service Association.
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