" ITREALMS: Chams hosts channel partners’ forum


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Wednesday, June 24, 2009

Chams hosts channel partners’ forum

Chams Plc has assured its channel partners of better business deals ahead, according to the Group Managing Director, Mr. Demola Aladekomo.

He gave this assurance at the one-day forum for the company’s channel partners at the just concluded CardExpo in Lagos.

While singling out DataCard, one of the partners, Mr. Aladekomo noted that their partnership has been in existence for decades, saying that with collaboration current growing between the two companies, the firm has become the largest electronic card centre in the country.

Regional Manager for Africa at DataCard, Mr. Ian Brown, said that it was exciting to note that their partnership exceeds decades and called for continuous upholding of the modalities that made the partnership a success in the past.

Meanwhile, Chams Nigeria Plc, weekend, finalized plans to deploy additional thousands of Paymaster brand of Point-of-Transaction (PoT) terminals across the country, worth millions of Naira.

This follows conclusion of discussions with its international partners: Daewoo Corporation and Bitel, both from South Korea.

Upon this completion, Paymaster Limited, a subsidiary of Chams dedicated to providing electronic payment solutions, is expected to commence immediate deployment of the terminals to different merchants for use in their outlets.

Currently, Paymaster has deployed over a 1,000 PoT terminals at various merchant sites including supermarkets, eateries, restaurants, bars and other sites.

The Acting Managing Director, Paymaster Limited, Mr. Charles Uwagbale, said the development, affords the firm to embark on more new projects.

Uwagbale noted that the firm believes that the next area of growth in the Nigerian electronic payment sector was that of PoT terminals, which have been slow to catch on partly due to challenges with telecommunications network as well as the limited education on the benefits of the system.

He also said that Nigerians would experience greater convenience in business transaction once they embraced the use of PoT terminals, especially as this would result of increased cashless transaction.

“Nigerians have embraced ATM cards use in a very impressive manner in the last five years. However, we believe that the revolution cannot be complete without an effective cashless system based on the use of PoT terminals. This is what Chams through Paymaster intends to deliver in the country over the next few months,” he said.

Uwagbale equally disclosed that the choice of Bitel and Daewoo as its international project partners was based on their years of experience as well as the proven reliability of the solutions they provide.

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