Payment processing solution to improve financial sector in Nigeria

[img_assist|nid=8389|title=|desc=|link=none|align=left|width=100|height=74] Electronic payments are planned to be transformed in Nigeria by Computer Warehouse Group teaming up with M2M, the world’s leading secured electronic payment solution provider.

As per BourZaim Youssef, M2M Regional Sales Manager M2M Magix card management solution that represents a complete end to end e-payment solution may make drastic changes in electronic payments for any financial institution.
Today African banks need an efficient system to enable them to gain authority in payment processing market with a low total cost of ownership, complete flexibility and effective local support.

The solution offered by M2M is equipped with cards issuing and management system, merchant acquiring, transaction acquiring and routing, clearing and settlement, risk and fraud managemnt, loyalty program, ATM and POS management, Internet payment etc.

M2M Magix card management solution can work with many protocols, many currencies and may be adopted in a large number of companies in many countries.

It is EMV certified, SEPA ready and single message certified. Magix is a multi-platform, multi-O.S and multi-database product.

According to Mr Emmanuel Eneh, Head Payment Systems Computer Warehouse is able to adopt and support the solution in Nigeria and West Africa which may improve the financial sector in Nigeria and to contribute to the national aspiration for becoming one of the top 20 economies in the world in the future.