Gaborone, 09 Thursday 2022 –, Absa Bank Botswana has entered a strategic partnership with PAYM8 – a Payment Service Provider (PSP) and Fintech specializing in Financial Collections, Online and Mobile Payment. The partnership was signed on the 09 June 2022 in Gaborone Botswana by the Absa Bank Botswana Acting Managing Director Mr. Krishnan Menon and Managing Director Mr. Andrew Springate PAYM8.
It is expected that the partnership will enhance the digital collections capability of its Merchant Clients and be able to process Real Time Payments and Collections from any Visa or MasterCard Customer. The service will be availed for both Retail and Business Customers across Botswana.
Through the Card Acquiring division, Absa strives to innovate/ introduce new technologies and build a robust Payments and Collections Digital Ecosystem to provide convenience to its merchants and customers.
“Our team here in Absa Bank Botswana is excited to be able to bring your possibilities to life through innovative solutions that have the hearts and minds of our customers. Our deliberate investment on technology is testament to our commitment and in line with our appetite to continuously seek ways in which we can make banking experience more convenient for our customers. “Valeta Mthimkhulu, Retail Director Absa Bank Botswana
We are excited to serve the many small to medium-size businesses/customers seeking a bank that can help them find the right payment collection solutions to meet their unique needs in addition to providing competitive banking products and the state-of-the-art technology.
“We look forward to partnering with Absa Bank Botswana on new financial features and solutions as we expand into banking this year. We are excited to partner with a bank like Absa that has a tech -forward approach to new payment collections solutions to market and has extensive market presence, especially in serving small medium businesses “ Andrew Springate PAYM8 Managing Director.
The market can expect to see new solutions and technology developments that are going to reshape the ecosystem to better meet user needs. The best player such as Absa will be the ones that can keep up with changing customer needs by pivoting and innovating alongside their customers. Therefore, we continue to look for partners like PAYM8, who offer powerful technology infrastructure to innovate with us.
For more information, please contact:
Spencer Moreri
Public and Media Relations
Tel: + 267 367 6020
Cell No: +267 71372437
Email: Spencer.Moreri@absa.africa
About Absa Bank Botswana
Absa Bank Botswana Limited is one of Botswana’s leading financial institutions offering an integrated set of products and services across Corporate and Investment Banking, Business Banking with solutions for Small Medium Enterprises, and Retail Banking. Backed by its 70 year legacy in Botswana and inspired by the people it serves, Absa is committed to finding local solutions to uniquely local challenges and everything we do is focused on bringing possibility to life.
Absa Bank Botswana is part of Absa Group Limited, one of Africa’s largest diversified financial services groups. Absa Group employees approximately 40, 000 professionals operating in South Africa, Zambia, Botswana, Mozambique, Seychelles, Mauritius, Kenya, Tanzania, Uganda, Ghana. The Group has representative offices in Nigeria, Namibia, London and New York, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. Absa is a truly African brand, inspired by the people we serve and determined to be the financial services Group Africa can be proud of.
For more about Absa Bank Botswana its products and services, visit www.absa.co.bw
