M2M Morocco signs USD8m deal with Ethiopian bank

COMPUTING

|
Image: By BiztechAfrica
M2M Morocco signs USD8m deal with Ethiopian bank

Morocco’s M2M Group has signed a USD8 million e-banking contract with the Commercial Bank of Ethiopia.

The Moroccan group will implement the second phase of the bank’s new electronic money strategy.

The e-banking plan aims to strengthen the infrastructure of electronic banking and help the bank to open its network to self-service banking including ATM, POS, mobile and internet.

The partnership between CBE and M2M Group was initiated in 2009 with a contract for the supply, integration and deployment of a comprehensive solution for electronic payment based maps.

The second phase of the plan will strengthen the bank’s electronic banking infrastructure and open its network to 526 branches in self-service banking, including ATM, POS, mobile and internet payment bills, recharge prepaid accounts and telephone sales, money transfer, cash deposits and cheques.

"This contract at the heart of East Africa represents a considerable strengthening of the presence of M2M Group in Africa," said Habli Mustapha, director of BU Payment Solutions at M2M Group.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE COMPUTING NEWS

Dirt to data – The new revolution in agriculture

It is estimated that, through technological innovation, the Internet of Things (IoT) has the potential to increase agricultural productivity in Africa by 70% by 2050.  Read More

Criticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica. Read More

MainOne joins global effort to support women in ICT

MainOne has lent its voice to the global campaign urging girls and young women to consider careers in the growing information and communications technology (ICT) sector during the International Girls in ICT Day. Read More

Huawei identifies unique cloud solutions for Nigeria

ICT solutions provider Huawei said after a comprehensive study of Nigerian enterprise terrain, it has defined its cloud transformation agenda along four segmentations. Read More

100 non-profits receive Microsoft grants to close gap in computer science

Microsoft Philanthropies has announced grants for over 100 non-profits worldwide, of which 14 are in the Middle East and Africa.  Read More

Liquid Telecom Kenya launches data protection ‘CrashPlan for Africa’

In a bid to guard against rising cases of IT related frauds causing financial losses to businesses, Liquid Telecom Kenya has launched a backup and restore service dubbed CrashPlan for Africa, for businesses in Kenya to secure their data. Read More

Airtel, Microsoft encourage girls to look to ICT careers

Airtel Ghana, through its Evolve with STEM initiative, has collaborated with Microsoft Ghana for the maiden edition of the internationally acclaimed DigiGirlz Day in the country. Read More

Mellanox adds Cumulus Linux support for Ethernet switches

Mellanox Technologies, a leading supplier of high-performance, end-to-end interconnect solutions for data centre servers and storage systems, has announced that it has added Cumulus Linux support for the Spectrum line of 10/25, 40/50, and 100 Gb/s Ethernet switches.  Read More

Huawei takes big data solutions to Zambia

Cloud computing and big data were the subjects of a high-tech roadshow brought to Zambia by leading global information and communications technology (ICT) solutions provider Huawei Technologies this week. Read More

ProLabs launches SFP+ module that extends the life of Switch Hardware

ProLabs, the leading global provider of network infrastructure and connectivity products, has announced the introduction of a 10GBASE-T SFP+ transceiver, which will allow data centre and network managers the ability to extend the life of their cabling infrastructure with a simple cost effective upgrade.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks

FEATURED STORY

Criticism over Remita borne out of ignorance, says SystemSpecsCriticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Keeping up with the mobile banking evolution

Africa especially has witnessed the trend of mobile banking, due to the well-known fact that today more people on the continent have access to a mobile phone ...