Ingenico and Standard Bank for an innovative business model in South Africa

Ingenico strengthens its position in South Africa

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Paris – October 29th, 2013. Ingenico (Euronext : FR0000125346 - ING), a leading provider of payment solutions, announced today an agreement between its local Value Added Reseller – African Resonance - and Standard Bank, a major Pan-African banking group and one of the four major acquiring banks in South Africa, to implement an innovative outsourcing business model.

Within the framework of this agreement, African Resonance will supply Standard Bank with Ingenico’s new generation of payment devices (Countertop and Wireless). Together, Ingenico and African Resonance will provide an end-to-end secure management of services to Standard Bank. Thanks to this new business model Standard Bank will now optimize the management of their payment services that includes: hardware, software, installation, remote management, device swap, warranty and repairs.

Ingenico is delighted to partner with African Resonance to develop innovative solutions for Standard Bank, one of the most prestigious banks in Africa. This partnership reflects our strategy in supporting our banking customer with efficient and customized payment services”, says Jacques Behr, EVP EMEA Ingenico. “This will also enable us to significantly expand our positions in South Africa, one of our key markets in the region”.

Andrew Wilmot, Head of Merchant Acquiring South Africa for Standard Bank said: “After many years of collaboration with African Resonance and Ingenico, we are thrilled to strengthen our partnership to provide innovative and secure solutions to our customers”.

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