ABSA Group has completed the rolling out Powercard across eight African countries: Botswana, Kenya, Mauritius, Zambia, Tanzania, Ghana, Uganda, and Seychelles.
HPS, a leading multinational provider of payment solutions, on Monday announced that it has completed the modernisation of lender’s African Operations outside of South Africa (ARO) acquiring payments infrastructure journey.
The project started in July 2019 with HPS replacing the existing legacy acquiring switch with PowerCARD for eight countries where Absa operates:
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Absa Regional Operations subsequently replaced their legacy merchant acquiring settlement platform with PowerCARD which was completed in March 2020.
“The new single platform which consolidated our switch and settlement capability reduces our cost to serve, improves stability and customer experience and the compliance capability allows role-based access per country, this privileged view enables countries to manage their own operational controls,” said Vanessa Olver, Chief Separation Officer at Absa, ARO.
Speaking at the Nairobi Securities Exchange in February, Daniel Mminele, CEO of Absa Group said that the bank had made huge investments in technology and systems to make the bank a future fit.
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