The Financial Services division of NamITech, the end-to-end secure transactions IT security company in the JSE Securities-listed Nampak group - has announced its first debit card manufacturing deal in Ethiopia.
Seen as part of the company`s ongoing drive into Africa, NamITech Financial Services is to manufacture 50 000 personalised debit cards for the Commercial Bank of Ethiopia.
"While this cannot be viewed as a large deal in comparison to our local contracts - where we are always one of the preferred card suppliers to SA financial and banking industry - we do view this contract as a significant breakthrough," said Chris Steyn, managing director of NamITech Financial Services.
He said the Ethiopia contract - which was landed via NCR (Ethiopia) - follows hot on the heels of a contract to supply Banco Internacional de Mozambique with 100 000 debit cards.
"One of our main advantages in the marketplace is that we are able to deliver cards in single batches of up to 300 000."
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