Itex Integrated Services Limited, an innovative fintech company that designs and deploys secure solutions to diverse customers has announced plans to expand its range of services beyond 19 African markets.
The company which unveiled a new brand identity last week in Lagos, that reflects its growth and transformation, said it is working with the Central Bank of Nigeria (CBN) to deepen and expand financial inclusion strategy of the apex bank to all rural communities in Nigeria.
With the Nigerian government’s push for a cashless economy and the payment industry’s shift towards electronic payments, itex has expanded its service offerings from payment channels to include PayVice, TAMS, Internet Payment Gateway, Afrimart and Bespoke Services for its clients.
Already, itex has an extensive client portfolio spanning 19 African countries, with more than 67,000 point of sale (POS) terminals deployed to merchants, commercial banks, agent network, transnational corporations and governments across Africa.
According to Mr. Ernest Uduje, managing director and CEO, itex Integrated Services Ltd, “itex has continued to pioneer the payment landscape in Africa. As the fintech sector continues to grow, itex is well positioned to provide innovative solutions to clients across Africa.
“The new brand further demonstrates our commitments to transform our sector to offer more digital products and services. During this growth phase, the company will continue to expand its client base and technology partners. Consequently, fintech start-ups will be able to accelerate their business growth by leveraging itex’s robust infrastructure and network.”
In partnership with the CBN and the Nigerian Interbank Settlement System (NIBSS), itex played a key role in the initial implementation of an interoperability platform for the successful cashless Nigeria rollout; where TAMS platform supported 150,000 POS terminal deployed nationwide.
In addition, itex facilitated the multi-card acceptance (Visa, MasterCard, Verve etc) and payment channels across all major financial institutions in Nigeria. Itex has continued to create the Implementation of cutting-edge technology to design secure solutions for diverse customers and has a flexible back-end that enables stakeholders plug in seamlessly.
He said itex’s brand revamp will also help to reflect the company’s unique approach to delivering flawless payment solutions. The creative mix of deep blue, pale blue and lime green signify stability, freshness, professionalism and nobility, reinforcing the company’s ethos as an innovative Fintech company with secured solutions.
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