ReD, a fraud prevention and payment services provider, has inked a new five-year agreement with South Africa-based Transact Connect, to offer its payment solutions to merchants and financial institutions across Africa.
Transact Connect provides electronic payment expertise to payment services providers, financial institutions, merchants and government agencies including central banks.
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Under the deal, Transact Connect will offer ReD’s core payment processing and fraud prevention solutions including the ReD1 Gateway for international payments processing, the ReD PRISM fraud management solution for issuers and the ReD Shield real-time online fraud prevention service for merchants.
ReD said that it will provide integration and technical support from both their local base in South Africa and their international team of risk experts.
ReD Africa region vice president, Lee-Anne Porter, said: "Our growing presence on the continent and our global experience position us well to provide effective, tailored solutions to a range of payment and fraud prevention needs for high growth market.
"We are delighted to be partnering with Transact Connect to help customers in Africa navigate this period of change and capitalize on the opportunities available to them."
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By GlobalData
