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May 10, 2016updated 04 Apr 2017 3:58pm

Ecobank licenses TSYS’ PRIME payments solution platform

Ecobank, a pan-African banking group, has deployed the latest version of TSYS’ PRIME payments solution platform, PRIME 4.

By Verdict Staff

Ecobank, a pan-African banking group, has deployed the latest version of TSYS’ PRIME payments solution platform, PRIME 4.

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The solution will to support Ecobank’s acquirer processing of MasterCard, Visa and UnionPay International point-of-sale (POS) transactions across 28 countries in Middle Africa, according to TSYS.

PRIME is a web-based, scalable solution optimised for extensive interoperability and highly parameterised, with built-in support for multiple languages and currencies. It

The platform offers an integrated solution across the entire payments value chain, from issuing to acquiring, as well as the regulatory, compliance and value-added services crucial to those managing merchant portfolios.

Ecobank group head for cards and electronic banking Eric Coffie said: "We were seeking a robust solution to support our multi-country acquiring operations across the African continent and PRIME 4’s support for hosting multiple institutions on a single platform, along with its support for multiple international and domestic payment schemes, made it the clear choice."

In Africa, Ecobank has more than 1,100 branches servicing over 10 million customers in 34 countries.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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