Leading payments
processor boosted by
strategic global investment
E
centric Payment Systems has announced that FSS (Financial
Software and Systems) has made a strategic investment in the
company to accelerate growth momentum into Africa.
FSS has acquired a 46% stake in Ecentric through a combination
of primary and secondary investment, with the potential to further
its stake-holding.
Ecentric, a Standard Bank subsidiary, is a leading payments
services provider. With a customer portfolio comprising 50+ tier one
banks and retailers, it has a strong presence in domestic and other
African markets for its acceptance solutions. Ecentric processes
transactions for the majority of Tier1 retailers as well as smaller but
specialised retail outlets.
The product and service offering includes switching, e-commerce,
remittances, issuing, cash management and reconciliation. E-centric
also develops and runs a managed service offering covering the
entire Payments and Collections lifecycle. Ecentric’s vision is to be the
Hassen Sheik (CEO, Ecentric
Payment Solutions) and
Ram Chari (FSS, Group
Business Head)
largest payment processor operating in Africa and this transaction
will enable it to leverage FSS’ proven technology expertise and funnel
the investment proceeds to fuel its next phase of market growth and
product development.
“We are very excited to welcome our strategic partner, FSS, a
global payments leader, as a new investor,” said Ecentric CEO Hassen
Sheik. “The financial and strategic backing from FSS will help Ecentric
to accelerate product innovation and grow the business in its home
market as well as expand to more countries. “
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Axiz partners with Innova to provide HTS
connectivity into Africa
INTELLIGENT TECH CHANNELS
Issue 23
connectivity. This hampers access to basic
Internet, IoT and cloud services. All these
fourth industrial benefits can only be
realised with connectivity.”
Innova HTS is a leader in High
Throughput Satellite (HTS) services in Africa.
“While Ka-band HTS has been in the first
world for three years, extensive coverage for
Africa only came about with satellites being
launched from late 2017 onwards,” added
Innova HTS director Rob Griggs.
“Ka-band HTS is a game-changing
industry wide innovation that is vastly
Ka-band HTS is a game-changing
industry wide innovation that is
vastly expanding the market for
satellite communications.
expanding the market for satellite
communications. Furthermore, the economic
broadband speeds, low-cost Ka-band
terminals and simple implementation, lends
itself to a channel model from a respected
distributor such as Axiz.”
n an African channel first, Axiz has
announced the signing of Innova HTS, a
new partner that enables cost-effective
broadband satellite solutions into Africa.
Innova HTS complements an already
comprehensive range of solutions from
Axiz aimed at enhancing its digital
platform offering.
With partnerships such as this, Axiz will
continue to develop and grow its ecosystem,
introducing partners and customers to
environments that transcend technology and
provide new and innovative opportunities.
“We look forward to providing
groundbreaking and innovative
connectivity technology,” said Jacques
Malherbe, Axiz CTO and Managing
Executive of Advanced Technologies.
“Because of the geographical spread
in both South Africa and the rest of
Africa, there are vast areas that have no
al
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