News

eRG, ElectraCard to roll out contactless e-payment in West Africa

August 1, 2013

ElectraCard Services, a provider of software and processing solutions for e-payment systems, has partnered with e-Revenue Gateway, a payment processing and electronic transaction switching company, to launch contactless e-payments in Nigeria.  

The PA-DSS compliant platform by ECS will power e-RG programs on behalf of multiple FIs and for channels such as ATM, POS, Internet and mobile, all on the same platform.

E-RG offers consumers a choice of debit or prepaid Smart Cards with the first NFC capabilities in the country. The company hopes to achieve a card base of 50 million users within five years. 

Contactless, or "tap-and-go" payment cards, are more convenient to use, and align perfectly with the Central Bank of Nigeria's cashless policy, the companies said in a news release.

"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," said ElectraCard CEO Ramesh Mengawade. "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."

"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 requirements," said Benjamin Adebajo, CEO of e-RG. "The ECS suite is scalable and provides enhanced security and ease of integration — and their expertise in working with MasterCard PayPass makes them the ideal choice."

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