BANK OF AFRICA banks on mobile with Clear2Pay
The BANK OF AFRICA group pursues its innovative multi-channel growth strategy with Mobile Internet Banking
SIBOS, Osaka, 30 October 2012 – Clear2Pay, the international technology provider of next generation payment and e-banking solutions for financial institutions announces today that the BANK OF AFRICA group, subsidiary of BMCE Bank and a major African Bank Group, has selected its Mobile Internet Banking (MIB) solution to facilitate their customers with mobile financial services in 13 launching countries.
BANK OF AFRICA group has grown rapidly into being a major player in 14 countries servicing today over 1,4 million bank accounts, an increase of 24% since 2011. As such the group is a major investor in the economic development of the African continent, which has become the second largest mobile market in the world with over 50% of internet transactions taking place through mobile devices. The bank has made it a focus to innovate and be the facilitator of this new reality of their clients.
Building on its success with Clear2Pay’s OPF e-Banking solution, which the bank runs in SaaS mode, the bank aimed to deploy a complementary solutions which would give their retail and corporate clients mobile access to their financial services. The requirements stated that the solution had to offer the same level of service and security as the e-Banking solution on top of being agile and future proof and offering an intuitive user interface.
Besides the fact that the Mobile Internet Banking solution of Clear2Pay fit the given requirements, the bank also opted for this solution because of the full integration with the existing e-Banking application, which facilitated a rapid deployment for their customers and for the bank users, who did not need further education. Because of the SaaS deployment, the going live of the mobile environment was completely executed by Clear2Pay and offered to BANK OF AFRICA in a flexible pay-per-user model.
Alfa Barry, Head of Marketing of the BANK OF AFRICA Group explains: “Within the framework of our multi-channel strategy we feel compelled to offer our customers a flexible and ergonomic solution built for mobile internet, which facilitates ‘on the go’ access to our financial services.” MIB will be launched by the end of November in 13 countries to the widest possible range of customer across the group. Alfa Barry adds “We deploy this strategy in order to capture a larger market share, whilst being close to our customers at the heart of their financial needs, which forms the true foundation of our group’s success.”
Nicolas Metivier, Vice President of Clear2Pay France and Africa comments: “We are very proud that the BANK OF AFRICA Group has confirmed its commitment to working with our OPF e-Banking technology on the execution of their multi-channel strategy, by today opting for Mobile Internet Banking as a service. As our technology has been designed and built with mobility as the starting point for corporates and consumers who want to do business with their bank, we feel confident that we can support the BANK OF AFRICA’s ambitious growth strategy across the entire group and region.”
About BANK OF AFRICA GROUP
BANK OF AFRICA Group operates out of 15 countries, of which seven in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger and Senegal), six banks in East Africa and the Indian Ocean region (Burundi, Djibouti, Kenya, Madagascar, Tanzania and Uganda) one in the Democratic Republic of the Congo, and also one in France, across a network of 14 commercial banks, one financial corporation, one mortgage bank, one leasing company, one brokerage firm, two investment companies, one asset management company and one Group representative office in Paris. Since 2010, the BANK OF AFRICA Group has been majority-owned by BMCE Bank (Banque Marocaine du Commerce Extérieur), the second largest private bank in Morocco. BMCE Bank brings strong strategic and operational support to the BANK OF AFRICA Group, as well as direct access to the international market as a result of its presence in Europe and Asia. The origination of the BANK OF AFRICA Group dates back to 1982, with the first BANK OF AFRICA opening in Mali. The BOA Group counts today more than 4500 employees, and has Consolidated Total Assets of 3 859 billion and record this date consolidated net income of 59.2 million euros.
More information on www.bank-of-africa.net.
Clear2Pay is a payments modernisation company that actively supports many global financial institutions to meet their payments unification goals through its pure SOA Open Payment Framework (OPF). Headquartered in Brussels, Belgium, the company facilitates banks and financial organisations in their provision of payments services, whether they be Card, ACH, Branch, Bulk, High Care or International payment transactions. Clear2Pay's innovative technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In addition the company offers a range of value added payment technology solutions and services such as e-Banking, Open Test Solutions, Open Card Solutions, ChargeBack, Strategic Consultancy and Payments Training through a dedicated Academy. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, BNP Paribas, The Federal Reserve, Royal Bank of Scotland, The People's Bank of China (PBOC), Bank of East Asia, Rabobank, Bank of New York Mellon and Commonwealth Bank. Clear2Pay operates out of Belgium (HQ) and another 22 offices in 14 countries. The company currently employs over 1200 staff. Recently, the company was awarded the XCelent Customer Base 2010 award for its undisputed largest payment hub customer base, both live and under implementation and ranks 76st in the Global FinTech100 list.
For more information:
Conny Dorrestijn - VP Corporate Marketing and Analyst Relations
T: +31 651 067201
Clear2Pay France SAS
Frédérique Saint-Denis – Directrice Marketing
T: +33 1 41 44 42 35