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

Managed services born again in Africa

Thanks to the ever-evolving nature of technology and the rapid growth of cloud services in Africa, managed services has in effect been born again, says Gondwana International Networks (GIN) and iWayAfrica. Read More

CWG, Vodacom canvass local content in ICT

Olusola Teniola, Austin Okere and Mrs Newton-Denila Smarting from the success the Local Content Act has recorded in Nigeria’s oil and gas industry, CWG and Vodacom Business Nigeria have canvassed its application to the ICT industry. Read More

Teachers recognised for best use of ICTs

The MTN Foundation and Cameroon’s Ministry of Secondary Education have recognised teachers who make the best use of ICTs in education. Read More

Use ICTs to boost entrepreneurship, DRC youth told

Young people in the Democratic Republic of Congo (DRC) have been told to use the information and communication technologies (ICTs) in their quest to boost their entrepreneurship initiatives. Read More

LINKZ ICT challenge getting bigger

The fourth annual Botho University LINKZ ICT challenge this year attracted a sizeable number of students from both the tertiary and secondary school students.  Read More

Closing the ‘mobile’ gap in your DR strategy

As technology has evolved, vulnerabilities have opened up in many organisations’ DR strategies and infrastructure, particularly with regard to mobility, says Drive Control Corporation. Read More

Congo’s financial sector ‘falling in love’ with ICTs

The financial sector in Congo-Brazzaville seems to be falling in love thick and fast with ICTs. Read More

Adapt to ICTs or die, DRC postal service told

On Thursday 9 October 2014, while the world was celebrating World Postal Day, a top official of Société Congolaise de Postes et Télécommunications (SCPT) dropped a bombshell, saying that the country’s postal service needed to adapt to the information and communication technologies (ICTs) if it hoped ... Read More

Partnership enables immediate delivery of cloud services

On the back of its partnership with cloud distributor Cloud On Demand, local cloud service provider Alto Africa has dramatically increased the speed and delivery of its shrink-wrapped cloud solutions to customers. Read More

Oracle launches capacity-building programme to close IT skills gap in Africa

Oracle Corporation has announced an initiative designed to enrich and increase the skills capacity of IT practitioners in Africa.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.