ACET Processing, the provider of end-to-end payments solutions for retailers and consumer finance companies in southern Africa, has changed its name to Emerging Markets Payments Southern Africa.
Having recently become part of the Emerging Markets Payments Group (EMP Group), the leading payment solutions provider in Africa and the Middle East, ACET will now operate under the EMP brand. The EMP Group, based in Mauritius, currently serves 140 banks, 30 000 retailers, governments and consumer finance institutions in 45 countries across the region. EMP Group has operations in South Africa, Egypt, Nigeria, and Jordan.
The business units within the EMP Group have been structured in order to be responsive to client needs - the former ACET business will remain focused on providing world-class payments services, including closed-loop store cards, personal loans, prepaid, and insurance products for retailers and consumer finance companies, while other parts of the group concentrate on bank card processing and merchant acquiring.
EMP Southern Africa processes for leading consumer finance companies such as RCS and major African retailers like the JD Group. Every month, it processes millions of card and loan accounts, supports transactions from more than 16 000 retail outlets, and manages billions of dollars of receivables for clients across the region.
Mike Crawley, CEO of EMP Southern Africa, states: "Across the world, organisations are recognising the value in partnering with companies such as EMP that are experts in the payments industry. These partnerships secure cost-effective access to world-class technology, enabling them to offer a better, higher-value service to consumers and focus on their core business. Becoming part of the EMP Group expands our reach and the scope of the solutions we can provide to our clients."
Paul Edwards, Executive Chairman of the EMP Group, said: "We are very proud to further integrate the ACET team into the greater EMP Group. ACET has experienced impressive growth over the past few years by offering unique processing solutions to retailers and consumer finance companies in the region. As EMP, we are very proud to count these leading companies as our clients."
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