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Rswitch (Simtel)


Business Essentials:


Country: Rwanda

Industry: Payment Solutions
Year of investment: 2008

Business description:

  • National switch of electronic payment transaction processing in Rwanda
  • Services provided include transmission of ATM transactions between banks in Rwanda, issuance of debit cards, reselling and leasing ATMs and provision of related services
  • Processing of transactions on Point of Sale (POS) terminals soon to come
  • Scalable business model and strong market position in Rwanda. Direct customers of RSwitch are all Rwandan banks and merchants (for POSs)

 

Press article: Simtel in $13.5m re-branding drive

Press article: Smart cash cards ease economic transactions

Topics: Simtel, RSwitch, IT, Payment Solutions, Rwanda