Proxama Picks Up Another South African Payment Card Deal

Proxama PLC has won a five-year contract with a South African financial group for its payment card issuing, PIN and management technology.

Revenue earned from software licences, services and support will be £0.365mln in 2017 and a minimum of £0.691mln in total over the five years, with additional payments if certain card capacity thresholds are achieved.

Proxama has already supplied Diners Club in South Africa with a similar product suite and this experience will help the new customer said Patrick Regester, sales and marketing executive vice-president at Proxama’s Digital Payments Division.

“In addition to our tried and trusted software products that will support in-house EMV card issuing and processing, the customer will benefit from Proxama’s in-depth experience of smart card deployments in South Africa and around the world. “