Business Hilights
Tracking Nigeria's Headline Business News Online

Advert space

Itex Integrated Group leads fintech operators to boost cash-less initiative

Top flight Financial Technology (Fintech) group, Itex Integrated Services Limited, has thrown it weight on deepening financial inclusion in Nigeria using innovative consumer centric products.
Since inception, Itex Group has been championing strategic designs and deployment of tailored solutions to diverse customers.
The activities of the firm are relying on the its latest brand identity that reflects its growth and transformation to drive government’s push for a cashless economy vide innovative electronic payments.
Currently, Itex Integrated Services offerings span from payment channels to include PayVice, TAMS, Internet Payment Gateway, Afrimart and others.
In his remarks during the launch in Lagos, Managing Director and CEO, Itex Integrated Services, Ernest Uduje made it clear that “Itex has continued to pioneer the payment landscape in Africa. As the fintech sector continues to grow, Itex is well positioned to provide innovative solutions to clients across Africa. The new brand further demonstrates our commitments to transform our sector to offer more digital products and services. During this growth phase, the company will continue to expand its client base and technology partners. Consequently, fintech start-ups will be able to accelerate their business growth by leveraging Itex’s robust infrastructure and network.”
Business Hilights recalls that Itex group had played a strategic role alongside the CBN, and the Nigerian Interbank Settlement System (NIBSS), in the initial implementation of an interoperability platform for the successful cash-less Nigeria rollout; using TAMS platform which supported over 150,000 POS terminal deployed across Nigeria.
Besides, the firm facilitated the multi-card acceptance (Visa, MasterCard, Verve etc), and payment channels across all major financial institutions in Nigeria.
Uduje averred that “As part of the company’s drive to push business boundaries and deliver exceptional value, it has continued to invest in its employees to be able to provide the right strategic response to the complex and dynamic operating environment.”
He revealed further that ahead of 2019 financial year, “The Company has also adopted methodical strategies and technologically differentiated its products offering ensuring best quality, at affordable prices”.