In the past, it seemed almost impossible to eradicate the long queues in banking halls because consumers had their reservations about performing nonphysical cash transactions. Thus making it more difficult to get consumers to trust the process and operation of Fintechs and the value e-commerce adds to Nigeria. The Financial Technology Sector in Nigeria has evolved so much that simple and clean solutions are being developed to foster trust between retailers and consumers. This is where companies like Itex Integrated Services Limited who have continued to dedicate a lot of time and effort to ease e-Payment solutions come in. 

Itex Integrated Services Limited, an innovative FinTech company that designs and deploys secure solutions to diverse customers has announced plans to expand its range of services for the Pan-African market. The company has also refreshed its brand identity to reflect its growth and transformation.

The company has expanded its products and service offerings from payment channels to include PayVice, TAMS, Internet Payment Gateway, Afrimart and bespoke services for clients. This move highlights Itex as forward thinking and as supportive of the government’s push for a cashless economy.

This brand revamp reflects the company’s unique approach to delivering flawless payment solutions. The creative mix of deep blue, pale blue and lime green signify stability, freshness, professionalism and nobility, reinforcing the company’s ethos as an innovative Fintech company with secured solutions.  

“itex has continued to pioneer the payment landscape in Africa. As the FinTech sector continues to grow, itex is well positioned to provide innovative solutions to clients across Africa.  The refreshed brand further demonstrates our commitment to transform our sector to offer more digital products and services,” said Mr Ernest Uduje, the Managing Director and CEO, itex Integrated Services Ltd while commenting on the expansion.

“During this growth phase, the company will continue to expand its client base and technology partners. Consequently, FinTech start-ups will be able to accelerate their business growth by leveraging itex’s robust infrastructure and network.”

Expanding its range of services.

• itex Point-of-Sale (POS) software/terminals – itex POS terminal application software is highly robust, with extreme flexibilities that allow for customized transactions (both traditional and digital) required by merchants or acquirers. itex has an extensive client portfolio spanning 19 African countries, with more than 67,000 POS terminals deployed to merchants, commercial banks, agent network, transnational corporations and governments across Africa.
• PayVice is a value-added platform, which includes an electronic wallet system that enables funds transfers, utility, transport and logistics, airtime/data purchase and bill payments. PayVice also enables QR Code payments, wallet to wallet transfer and account to wallet transfer.

TAMS – itex’s Terminal Application Management System (TAMS) platform, is a highly robust and multifunctional e-commerce platform with features including EMV cards switching and processing capabilities, as well as digital payment channels with features like QR code payment, reporting and automated fraud prevention systems, to name a few. TAMS also enables the distribution of value-added services like vending electronic airtime

Insurance and other bill payments, with the integration to core banking systems for transaction processing and other third-party platforms payments, it makes payment and value distribution seamless.

• Itex Internet Payment Gateway is a platform for processing online payments for online retailers, Omni channels or traditional brick and mortar stores.
• Afrimart is a platform designed to create new business opportunities for African SMEs and general merchants on the quest for growth and expansion by creating visibility and accessibility to African buyers and suppliers.

What you need to know about Itex Integrated Services Limited 

As a responsible corporate citizen, itex places considerable emphasis on investments that are beneficial to society.

As part of the company’s drive to push business boundaries and deliver exceptional value, it has continued to invest in its employees to be able to provide the right strategic response to the complex and dynamic operating environment.

The company has also adopted methodical strategies and technologically differentiated its products offering to ensure the best quality, at affordable prices.

Itex’s environmental efforts involve creating sustainable business practices and giving people greater access to the financial system, creating a more diverse group of engaged contributors and participants.