For
Africa the potential is tremendous:
according to the World Bank, roughly
two-thirds of the adults on the continent remain unbanked and card penetration is low. By improving access to
electronic payments and financial services in general, more people would be
able to contribute actively to robust, sustained economic growth, and improve
their lives.
According
to estimates by the GSMA, about 168
million people will become connected by mobile services across Africa over the
next five years. Hence more people would be engaging in Mobile payments and
Mobile Banking. African Banks’ are trying to implement financial inclusion and
encourage digital payments at large.
We
at CashLink Global Systems have
helped banks in East Africa, West Africa
and South Africa in implementing Retail Banking solutions. We have
successfully implemented our products EzLink
Enterprise EFT Switch, Card Issuance
solutions through StarCARDMAN, Reconciliation & Settlement processes
through StarRECON, Financial inclusion and Agency Banking
through StarFIPS and other custom
solutions as required by African Banks, in the payments space. The transactions
through our products have been rising steadily and we provide impeccable
service in maintaining our products. We have also been able to go over and
beyond Client expectations in meeting client requirements.
In
2050, Africa will be home to one billion young people. This young population
would be more inclined towards digital payments and experimenting new
technologies for convenient banking. We at CashLink Global Systems want to be a
catalyst in helping African Banks’ and other Financial Service companies cater
to the needs of their customers.
- CashLink Global Systems Pvt. Ltd.
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