Transaction Capital today announced that it has entered into a definitive agreement to sell its wholly-owned subsidiary Paycorp to pan-emerging market private equity firm Actis. Paycorp, owned by Transaction Capital since 2006, is South Africa’s largest independent owner and operator of off-site ATMs and a deployer of Visa-certified pre-paid debit cards. Actis will acquire the
Emerging Markets Payments (EMP), an electronic payments card processing company in the Middle East and Africa, announced today that it has been appointed to provide electronic payments processing for taxes and customs fees at the Port of Douala in Cameroon. EMP has committed to pilot the service from next month, with the full launch scheduled
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