ATM Africa sets up regional office in Nigeria (06/12/06)

The Chief Executive Officer of ATM Africa, Mr. Douglas Gillan, has disclosed that ATM Africa, the continent's leading supplier of automatic teller machines, will drive its West Africa business from Nigeria. Gillan in a chat with newsmen stated that this was imperative as e Payment and electronic banking becomes a choice system of banking transactions in the country.

According to him, the future of e-banking in Nigeria is very bright and requires good focus.

"I think that the Nigerian market presents a wonderful opportunity for the growth of ATMs. In my opinion, Nigeria will take the lion's share in the number of ATMs to be deployed Africa in the near future," he said.

Cullan added that the recap-italisation of local banks, has provided a great opportunity to reach the un-banked in the economy. He added that with the growing popularity of the eCard payment system and the growth in electronic payment cards in the country, Nigeria was set to continue to witness growth in the e-banking arena.

He disclosed that ATM Africa already had various networks of ATMs in French-speaking countries in West Africa as well as the Anglophone countries. He added that the firm had already rolled out ATMs in Ghana for Ecobank, which had subsequently ordered over 350 more across its operations in the 17 countries in West Africa.

Source: AllAfrica

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