Dar-es-Salaam, Tanzania: Some exciting new developments to report from within ECS. Anticipated for a while, the official announcement of ECS’s foray into the eCommerce territory was made today by the Managing Director of the Group, Mr. Harish Bhatt. The addition of the new acquiring channel will allow ECS to strengthen its product offering and enable customers to avail web based acquiring services to its merchants.
Expected to go live in early 2012, the eCommerce Gateway will be provided through the existing cloud architecture thus be part of the existing pay-as-you-go business model, greatly reducing the additional cost of investment in this new technology for the banks and other financial organizations.
It is expected that ECS will be the first processor in the country to offer eCommerce Acquiring Services and the first in East Africa to process for both Visa as well as MasterCard. The product offering will also be combined with 3-D Secure Authentication services for merchants giving them greater security and confidence in the product.