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

comments powered by Disqus

MORE COMPUTING NEWS

Acer steps up southern African education agenda

Marius le Grange Acer for Education is stepping up its activity in southern Africa, with new education devices being launched, a growing content partnership programme, and plans to extend its partner network into more southern African countries. Read More

Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows. Read More

Kenswitch unveils system for instant cash transfers

Kenswitch Ltd has launched a system that will allow users to transfer cash between banks registered on its shared network on a real-time basis. Read More

E-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste. Read More

African education successes in focus at eLearning Africa conference

The eLearning Africa International Conference on ICT for Development, Education and Training gets underway from 28 – 30 May at Speke Resort and Conference Centre, Munyonyo, Kampala, Uganda. Read More

Cloud gains traction in Kenya

Kenyan enterprises are increasingly seeing the implementation of cloud or expansion of existing cloud infrastructure as a key priority, says IDC. Read More

MultiChoice expands DTTV distribution in Sub-Saharan Africa on Intelsat 904

Intelsat S.A. has announced that African direct-to-home operator, MultiChoice, is leveraging Intelsat capacity to expand the reach of its digital terrestrial television (DTT) offering in Sub-Saharan Africa.  Read More

VMware Unleashes Horizon 6

VMWare has released a comprehensive and cost effective solution to deliver and manage enterprise applications and desktops for physical, virtual and employee-owned devices. Read More

High calibre keynotes to take to the stage for Saphila 2014

Saphila 2014, set for South Africa in June, will feature high caliber keynote speakers including highly sought-after international keynote speaker, Frans Johansson, CEO of The Medici Group.  Read More

Huawei hosts Broader Way Forum 2014 in Zimbabwe

Huawei has hosted its inaugural ICT Forum in Zimbabwe, aiming to help revolutionise the way the country responds to technological advancements. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...