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| Lawson Naibo (COO Bank of Kigali) (left) and Barry Coetzee (iVeri CEO) sign the deal for e-commerce gateway at Bank of Kigali |
Bank of Kigali Limited, the largest bank in Rwanda has received an e-Payment Gateway from 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. The iVeri Payment Gateway software will allow merchants in Rwanda to offer e-commerce services through their websites, a service that has yet to fully permeate the Rwandan business scene.
Speaking during the official signing of the agreement, the Bank’s Chief Operating Officer Lawson Naibo noted that e-commerce has come to play an increasingly important role in industries such as tourism and entertainment where consumers expect to have easy access to all services that merchants offer. “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 and we remain committed to harnessing the advanced capabilities of technology to improve our service to customers” commented Mr. Naibo.
He further added that the bank’s decision to select iVeri’s technology was in response to a growing need to source a scalable solution that would accommodate the bank’s aggressive transaction growth objectives, support multiple delivery channels and offer modern and world-class card payment services to cardholders in Rwanda and the world.
iVeri’s technology will initially drive the deployment of e-Commerce at Bank of Kigali and once this channel is established, other channels will then be deployed. “iVeri’s experience and tailor-made solutions can help Bank of Kigali deliver an enhanced customer service experience while offering increased return on investment,” said Barry Coetzee, Chief Executive Officer of iVeri. With iVeri’s technology in place, the Bank will be able to address the processing needs associated with its e-payment operations on a certified PCI DSS™ platform (an international data protection standard mandated for Visa and MasterCard transactions) that delivers a secure, reliable and scalable transaction infrastructure.
iVeri is Africa’s market leader in card acceptance software, creating technology for financial institutions and businesses to facilitate multiple-channel transaction acceptance. iVeri has been developing electronic payment technology since 1998 and today processes millions of transactions and has customers in several countries.
