This archive report was first published on 12 May 2020.
On May 12, 2020, HPS announced the completion of its project to modernize Absa's African Operations outside of South Africa (ARO) acquiring payments infrastructure.
The project, which began in July 2019, involved replacing the existing legacy acquiring switch with PowerCARD for eight countries where Absa operates: Botswana, Kenya, Mauritius, Zambia, Tanzania, Ghana, Uganda, and Seychelles.
As part of the project, Absa Regional Operations replaced their legacy merchant acquiring settlement platform with PowerCARD, which was completed in March 2020.
According to Vanessa Olver, Chief Separation Officer at Absa, ARO, the new single platform reduces costs, improves stability and customer experience, and enhances compliance capability.
Speaking at the Nairobi Securities Exchange in February, Daniel Mminele, CEO of Absa Group, highlighted the bank's significant investments in technology and systems to make it a future-fit institution.
