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

Mellanox solutions accelerate the fastest supercomputer in the world

Anton Jacobsz, MD at Networks Unlimited Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for data centre servers and storage systems, has announced that Mellanox interconnect solutions accelerate the world's fastest supercomputer, at the supercomputing centre in Wuxi, China.  Read More

Achieving full visibility in a cloudy hybrid environment

A growing number of organisations are migrating applications and information stores to public and private cloud solutions, so that hybrid IT architectures have become the norm. Read More

Make way for VAS: The era of VM-aware storage

Along with DAS, SAN and NAS, storage now has another term, VM-aware storage (VAS).  Read More

Trisat showcases online platform for schools management

Software development company Trisat Communications Limited has launched an online platform, nortify.com.ng, to provide digital tools to simplify school management. Read More

Transforming and maximising existing fibre networks

Maximising existing optical fibre infrastructure is a challenge that needs tackling by network operators - both large and small. Read More

Technology leaders join forces to bring an open acceleration framework to data centres

Anton Jacobsz, MD at Networks Unlimited Mellanox, ARM, Huawei, IBM, Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, and Xilinx, Inc. have joined forces to bring a high-performance open acceleration framework to data centres.   Read More

Why going paperless can make you more money – and save some too

The environment and saving costs when moving a business to a paperless office are the two most popular benefits, but there are many more benefits to doing so.  Read More

Airtel chief: Disruptive technologies vital to Nigeria’s GDP growth

Leading telecommunications services provider, Airtel Nigeria, has said disruptive technologies can contribute significantly to the nation’s Gross Domestic Product (GDP) if ICT start-ups are encouraged to create innovations that deliver value. Read More

Youths gain fom ICT Dynamix support

Botswana based citizen owned company ICT Dynamix is upskilling and employing youths in the ICT industry. Read More

Acer to invest in Botswana

Acer, the global hardware, software and services company, announced its investment and growth strategy for the Botswana market. Read More

PRESS OFFICES

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

FEATURED STORY

First-ever Africa Barclays Accelerator programme concludesFirst-ever Africa Barclays Accelerator programme concludes

Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.

 

IN DEPTH

Ethical Hacking students can’t get a heck of a jobEthical Hacking students can’t get a heck of a job

Botswana ethical hacking students report that they are failing to break into the local job market.