M2M Morocco signs USD8m deal with Ethiopian bank
ETHIOPIA| 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 ETHIOPIA NEWS
ENhANCE project improves ICT education in East AfricaAalto University has launched the ENhANCE project, which has seen them team up with institutions in Ethiopia and Tanzania to provide the technical and educational support that can help address the challenges faced by these countries. Read More
Multi-bank mobile money goes live in EthiopiaThe new interoperable HelloCash mobile money platform has gone live in Ethiopia, aiming to provide financial services to all Ethiopians. Read More
Cyber Security Africa set for EthiopiaThe 2nd Annual Ethiopia Banking & ICT Summit will take place in November 21st, 2014 at Sheraton Hotel, Addis Ababa, Ethiopia. Read More
Microsoft, UNDP partner to support Ethiopian entrepreneursMicrosoft has signed a collaborative agreement with the United Nations Development Programme (UNDP), under which Microsoft will provide training and mentorship services to 200,000 Ethiopian entrepreneurs. Read More
MWH Global names Ethiopia Country ManagerMWH Global has hired Moghes Ayalew Mekonen as the country manager for its operations in Ethiopia. Read More
SatLink chosen as global TV distribution partner for Ethiopian TV agencySatLink Communications has been selected by the Ethiopian Radio and Television Agency (ERTA) for the global distribution of its ETV news channel. Read More
AUC on education: leave no one behindICTs, infrastructure and collaboration must be employed to ensure that no country is left behind in Africa’s efforts to improve education, delegates heard at an AU Commission education forum. Read More
African Union marks Science and Technology weekScience and Technology is key for Africa’s socio-economic advancement, says the African Union. Read More
Ethio telecom moves to next phase of expansionEthio telecom reports that it has concluded the task of telecoms vendor allocation and is now proceeding to implement its network expansion project. Read More
FEATURED STORYYoung innovators shine during pitch sessions
Botswana saw an array of upcoming tech wizards selling their ideas during the Vendors’ Day pitch sessions this week.
BEST READ NEWS
IN DEPTHHigh tech homes: Just press play
High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.