EMPH to purchase ACET Processing
[Cape Town, 5 March 2012] -
Emerging Markets Payments Holdings (EMPH), the leading third-party payments processor and merchant acquirer in Africa and the Middle East, has announced the 100% acquisition of ACET Processing.EMPH, backed by private equity firm Actis, currently processes card transactions for more than 125 banks in 40 countries across Africa and the Middle East.ACET processes for leading consumer finance companies such as RCS, and major retailers like the JD Group. Every month, it processes millions of card and loan accounts, supports transactions from more than 15 000 retail outlets, and manages billions of rands of receivables for clients across the region.
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