Date: Dec 24, 2012
Categories: Technology & Operations
Keywords: ElectraCard Services
Pune, December 19th 2012 - ElectraCard Services (ECS), a leading electronic payments solution provider, announced the opening of its new office in the heart of Middle East and Africa (MEA) – Dubai. Dubai office is part of ECS’ strong global expansion plans.
ECS has powerful presence and unrivalled network of partners in MEA region. The new office is launched to shore-up the growing business in Middle-East and Africa and provide local support. The office is located at Shatha Towers in Dubai Media City.
Middle East has thriving population of more than 190 million people with an impressive combined GDP of $1.6 trillion and has demonstrated significant growth prospects. Interestingly, in ME (and Africa) cash continues to be a significant mode of retail value exchange however the political and economic changes are leading to increased use of alternative payment mechanisms, especially electronic. Hence banks and financial institutions must develop and provide a compelling mix of products and services that suit the requirements of the end-user.
“ECS has been serving the MEA markets remotely over the last 5 years and with the increase in the number of its clients and business value, we have decided to get closer to our customers and prospects and set up our MEA Regional Office in Dubai. We are very well positioned to cater to this dynamic and growing market as we are in a position to offer the complete suite of retail payments technology platforms with the additional advantage of providing this on a ‘pay-per-use’ model which significantly reduces the start up and operational costs for any industry participant” said Ramesh Mengawade, CEO of ElectraCard Services.”
Pradeep Sampath, Head of Sales at ElectraCard Services will directly oversee ECS’ MEA markets, supported by a team of ECS staff and partners across the regions. “ECS is in advanced stages of teaming up with Card Program Managers, which will deliver additional advantages to industry participants as this will allow them access to expertise and execution platforms for innovation” Mr. Sampath said.
Re-disseminated by The Asian Banker