bank of kigaliRwanda’s largets bank, Bank of Kigali Limited, has received an e-Payment Gateway from South Africa based company iVeri Payment Technologies, a leading provider of multi-channel e-payment solutions, making it the first bank in Rwanda to acquire e-Commerce merchant transactions.

Lawson Naibo the Bank of Kigali Operating Officer noted that e-commerce was a key in “the tourism and entertainment industries”, as modern travellers do all their bookings online.

“We are delighted to take the lead in providing Rwanda with a gateway to the world of e-commerce and iVeri, provides a multi-channel Payment Gateway that meets our requirements as we seek to enhance our service offerings. This marks a significant move in providing innovative and convenient financial services to our customers. We are committed to harnessing the advanced capabilities of technology to improve our service to customers and the decision to invest in iVeri technology is another example of this”, Naibo said at the signing of the deal between the two companies on Monday in Kigali

iveriiVeri’s experience and tailor-made solutions can help Bank of Kigali deliver an enhanced customer service experience while offering increased return on investment, With such efforts African investments will skyrocket and African business will know a great expansion even beyond African frontiers.”, iVeri CEO, Barry Coetzee said during the agreement ceremonies in Kigali.

iVeri creates technology for financial institutions and businesses to facilitate multiple-channel transaction acceptance, in total security according to its website, as today the world faces cyber crime. The company introduced a mobile Chip & PIN solution that allows processing of major credit cards as well as local debit card schemes in November 2012.

The same month, the tech company partnered with CyberSource to bring global eCommerce Fraud Management Solution to Africa

The company’s specialist knowledge of transacting in developing economies has resulted in the design of innovative, robust and cost effective solutions aimed at providing world-class services to underserved areas. iVeri is now the longest PCI DSS Level One certified entity in Sub-Saharan Africa, having received its third certification in a row.

Credit: Ventures Africa