M2M Morocco signs USD8m deal with Ethiopian bank
COMPUTING| July 16, 2012, 2:34 p.m.
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.
MORE COMPUTING NEWS
ITU to build united front against technology fakersITU will host high-level talks in a bid to improve global coordination in the application of information and communication technologies (ICT) as part of strategies to combat counterfeit and substandard ICT devices. Read More
More Congo-Brazzaville women linking up with ICTsMore women are moving to learn to use ICTs in DRC, say ‘backyard’ teachers. Read More
Has the operating system become a modern day utility?As we make the shift to the cloud era, computing’s traditional building blocks, including the operating system, are increasingly abstracted away, says Red Hat. Read More
Congo Brazzaville’s BantuHub offers ICT relief to localsThe BantuHub ICT centre in Brazzaville is a real cure for techentrepreneurs, bloggers, start-ups and other technology-minded people seeking a quick and an effective relief for their ICT headaches. Read More
Innovative products and professional services give Schneider Electric and end users the edgeRecognising enterprises' need for a specialist partner, Schneider Electric has developed its professional services based on using technology to improve end users’ efficiencies and communications, while making current and new markets accessible to them in faster, more competitive ways. Read More
Brocade appoints new Senior Director of Technology, EMEAIndustry veteran Brian Levy will lead regional growth and operational excellence, further strengthening the Brocade leadership team. Read More
Electricity in Africa: is payment the problem?While prepaid meters go halfway to solving the problem, making payment points widely available for people to purchase prepaid electricity vouchers is just as important, says Nomanini. Read More
Overcoming the challenges of location independent computingAchieving true location-independent computing requires an application performance platform that maintains visibility no matter where or when the applications are located or accessed, says Riverbed. Read More
Vodacom: cloud computing is IT industry game changerVodacom Business Nigeria says cloud computing will address all issues relating to reduction in cost of operating business in the country, but it lamented that businesses in the country are still lagging behind, with only a third of them currently using cloud technology. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHiProcure delivers inputs to farmers’ doorsteps using ICTs
An innovation dubbed iProcure is already being used by several agro input firms which are now relying on it to distribute their products to farmers.
COMPANY NEWSVMware announces VMware Workstation 11 and VMware Player 7 Pro
VMware Workstation 11 marks 15 years of innovation with Windows 10 Tech Preview readiness, state of the art performance and cloud connectivity.Schneider Electric signs exclusive off-grid solar distribution agreement with Zimbabwean firm
Schneider Electric has announced the signing of an exclusive agreement with Samansco, a Zimbabwean renewable energy, back-up power and appropriate technology company.SAP Innovation Helps The Global Fund Fight AIDS, TB and Malaria in Africa
Extending a longstanding partnership, SAP is a founding member of The Global Fund’s new Innovation Coalition to support disease prevention and treatment.