Mauritius' PeX is adopting e-payment tools
Payment service provider Payment Exchange has moved its Mauritius operation onto BPC Banking Technologies’ HP Integrity NonStop platform, which is designed to make it easier, faster and cheaper to launch new products.
PeX is a payment service provider that focuses on Africa and Asia. The company processes payments, specialising in e-commerce and EMV solutions. In Mauritius, the firm’s clients are mid-size and small banks and merchants. PeX issues Visa and MasterCard card products, supports debit cards and runs ATM and POS-terminal networks.
Previously, the firm had relied on various separate tools, which had a relatively high cost of ownership. The idea behind the migration is that BPC and its partner Hewlett Packard will provide the technology infrastructure PeX needs under a single umbrella, simplifying the system and theoretically making it cheaper to maintain. Under the deal, PeX will use BPC’s Smart Vista package; it will also gain a new ATM monitoring tool for the HP NonStop platform to make sure its systems are working reliably.
BPC was founded in Russia but is headquartered in the Netherlands. The company focuses on e-payment tools for transaction processing and card management. HP is a US-based computing company that provides hardware, software, services and infrastructure.
“It was important for us to preserve our significant investment in HP NonStop technology,” said Sailesh Sewpaul, chief executive at PeX. “Smart Vista has flexibility and a proven ability to support extremely high volumes.”
Consumers in Mauritius are moving towards greater use of e-payment tools – the last paper cheque was exchanged in a ceremony earlier this month, marking the end of physical clearing in the country. At the same time, strong GDP growth has attracted international technology firms to bolster the nation’s payments technology. The Mauritian government has predicted a 3.7% GDP increase in 2013, according to estimates provided by the Ministry of Economic Development and Central Statistics.
