Ingenico reaches 50,000 POS landmark in Africa

ITRealms:

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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Ingenico in triple award

ITRealms

It was celebration galore as Ingenico Group, the global leader in seamless payment, grabbed the very coveted ‘Financial Inclusion Platform of the Year’ Award, the Awards for ‘Best Mobile Money/Card Combination’ and ‘Best Data Monitoring Solution’at the 5th edition of the annual Mobile Money Expo in Lagos, ITRealms reports.

“We are very proud to be the ‘Financial Inclusion Platform of the Year’ Award winner, and very honored to be rewarded with 3 Kalahari awards”, commented RachidOuladAkdim, Africa Managing Director, Ingenico Group.

According to the Managing Director, ITRealms learnt “Ingenico Group leverages both its in-depth market knowledge and technology to enable its customers to have a long-lasting, positive impact on developing communities, while still growing their business and contributing to positive economic growth. These awards confirm our strategy as we are committed to pursue our vision to deepen financial inclusion and offer the African market evermore empowering services and solutions,”Akdim stated.

The Kalahari awards are dedicated to acknowledging creativity, commitment and excellence in the mobile financial services across Africa.

ITRealms reports also that each award is given based on a number of criteria, including geographic market penetration, ongoing of commercial campaigns, regulatory compliance, cross-sector partnerships, active deployments and future potentials for further growth.

Cyriacus Nnaji/GEE

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