Cointel, and its commerce brand Simplus, today announced that it has reached a milestone achievement for the processing of m-commerce transactions. Together with its strategic partners, Absa and MasterCard International, Cointel has processed transactions worth 5 billion in gross rand value, making it the largest m-commerce facilitator in SA.
These commerce transactions were processed through Cointel`s recharge applications as well as its bouquet of m-commerce products and validated by MasterCard International and Absa bank. To celebrate this milestone, Cointel has presented Absa and MasterCard with its highest award category, Pinnacle Excellence, in recognition of their respective contributions to this technological achievement.
"When we pioneered this technology, Absa and MasterCard International were the first companies to support the initiative and have thus seen the fruits of their commitment to the endless possibilities that m-commerce technology can potentially achieve," says Ahmed Ayob, managing director of Cointel.
"Six years on, we are happy to say that this has been an incredible relationship with Absa and MasterCard and through future research and development, we look forward to cementing the relationship further, while building new ones with other companies and financial institutions," concludes Ayob.
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