Leading card
processing and electronic payments service provider Paynet Group has completed a project for Banque Populaire du
Rwanda (BPR), The largest banks by
customer volumes based in Kigali, which will see the bank’s ATM network acquire
Visa transactions. The
project which also involved the Rwanda’s National Switch
(RSwitch) is part of a national initiative by the bank to
acquire foreign issued cards by integrating an international card acquiring
service to its ATM network.
“The
launch of BPR’s Visa acquiring service follows an intense project that has seen
the completion of Visa CIQ documents , device and host certification to offer
the international card-payments service,” said Paynet Group
CEO, Bernard Matthewman.
The service
is now live and opens up the BPR ATM network to local, regional and
internationally issued cards which route through Paynet’sthird party processing
centre to Visa.
Paynet has now
embarked on the next phase of the BPR project which will see the extension of
ATM acquiring to a number of other card associations. “BPR
further demonstrates how banks in the region can grow rapidly by leveraging
regional investments to cost-effectively achieve their objectives,” added Mattewman.