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| VeriFone Further Expands into West Africa VeriFone has signed contractual agreements with transaction switching and electronic payment companies, Ferlo and Byte Tech, headquartered in Dakar, Senegal, for distribution of VeriFone payment solutions throughout the Union Economique et Monetaire Ouest Africaine (UEMOA) countries as well as Cameroon. VeriFone's GPRS-enabled Vx 510, Vx 610 and Vx 670 payment systems will be rolled out regionwide to members of the CTMI, the regional inter-banking switch centre of the Western Africa Economic and Monetary Community, and their merchant customers. The UEMOA countries of Senegal, Ivory Coast, Togo, Benin, Niger, Mali, Burkina Faso and Guinea Bissau, have had a common currency in place since before the introduction of the Euro in Europe and more than 70 banks now fall under the umbrella of CTMI. Byte Tech, having previously worked exclusively with Ingenico, will now offer more choice to the market with VeriFone solutions. Emerging electronic payment markets in Africa have become increasingly important to VeriFone's business in the Europe, Middle East and Africa region. VeriFone has built a leadership position as the supplier of choice for acquiring banks in South Africa, East Africa and Nigeria. write your comments about the article :: © 2008 Computing News :: home page |