" ITREALMS: Ingenico reaches 50,000 POS landmark in Africa

Thursday, January 14, 2016

Ingenico reaches 50,000 POS landmark in Africa

Global leader in seamless payment, Ingenico Group has reached a strategic fifty-thousand Point of Sale (POS) terminals landmark to serve the unbanked population, thus positioning itself as financial Inclusion-enabler in Africa, reports ITRealms.

The Africa Marketing and Communications Director for Ingenico Group, Mouna Fouillade quoted the Eastern Europe and Africa Managing Director for Ingenico Group, Luciano Cavazzana in a press statement spotted by ITRealms, as saying that this milestone is taking the company to the forefront of the financial inclusion market in Africa where three quarter of the population is still unbanked.

“Through our technology, we address local challenges and seek to empower our end-customers to increase account ownership and broaden access to financial services. We are very pleased to celebrate this important landmark with FINCA,” Cavazzana said.

FINCA, a leading international Micro-finance Institution, Cavazzana noted is Ingenico Group’s long-term customer in the Micro-finance sector, pointing out that to prevent fraud, FINCA equipped its agents with Ingenico biometric terminals to capture the applicants’ fingerprints during the enrollment and validate their identities through their finger scan prior to the loan disbursement. 

“This program has been in continuous expansion in several African countries such as Malawi, Nigeria, Democratic Republic of Congo, Tanzania, Uganda and Zambia,” the regional MD said.

For Mike Gama-Lobo, Vice President and Regional Director Africa for FINCA, building a secure financial ecosystem for the unbanked population is an enormous challenge, emphasizing that Ingenico Group has proven its ability to adapt to local constraints through a single terminal. 

“The Ingenico smart terminals are invaluable for our staff to enroll customers, offer micro-loans and help them keep their finances safe,” Gama-Lobo said.

 Nenye Dom/GEE

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