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Central Bank of Nigeria selects Ingenico Solution for its Cashless Initiative 05 Ocak 2012

Central Bank of Nigeria selects Ingenico Solution for its Cashless Initiative

Neuilly sur Seine – January 5, 2012. Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces that its solution has been selected by the Central Bank of Nigeria (CBN) for the National Cashless Initiative.

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iWL220
The wireless iWL220 combined with the Ingenico remote Terminal Management Services has been selected by the Central Bank of Nigeria.

This program of the CBN aims at reducing the amount of cash used in transactions in Nigeria, with an aggressive rollout of POS terminals across the country. 14.000 Ingenico terminals have been purchased by the banks, including Guaranty Trust Bank (GT Bank), Zenith Bank, United Bank for Africa (UBA) First Bank, First City monument Bank (FCMB) Oceanic Bank, Unity Bank for a deployment in 2012.

Ingenico is providing an end to end solution combining a wireless terminal with GPRS connectivity, the iWL220, and a remote Terminal Management Services (TMS) solution. Starting with a pilot in Lagos, the nationwide deployment could include several hundreds of thousands of POS terminals within the next four years, equipping all types of merchants. The solution fully complies with security regulation and the payment application accepts all card schemes, both domestic and international.
Gansirey Seck, Managing Director, Ingenico Nigeria, stated: Ingenico is very pleased with the success obtained in a short timeframe in Nigeria. Taking customers beyond conventional payment through value added services on the POS will greatly contribute to the sustainable development of electronic payment in Nigeria”.

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