PRESS RELEASE PR. No. 042/2013
CLYDESTONE GHANA LIMITED (CLYD) - ANNOUNCEMENT
CLYD has released the attached announcement for the information of the general investing public.
Issued at Accra, this 27th day of February, 2013.
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att’d.
Distribution: 1. All LDMs 2. General Public 3. Company Secretary, CLYD 4. NTHC Registrars, (Registrars for CLYD shares) 5. GSE Securities Depository 6. SEC 7. GSE Council Members 8. GSE Notice Board
For enquiries, contact: General Manager/Head of Listings, GSE on 669908, 669914, 669935 *JEB
PRESS RELEASE
Clydestone, Kenswitch and Chase Bank launch China Union Pay in Kenya with 16 Banks
Accra, Ghana: February 27th 2013: Clydestone (GSE:CLYD) Ghana’s leading payment systems company has launched China Union Pay acquiring in Kenya in conjunction with Kenswitch and Chase Bank. Under the co-operation agreement, Clydestone a Global Partner and 3rd party processor of Union Pay has integrated with Kenswitch to enable Banks on the Kenswitch network acquire Union Pay transactions on over 1200 ATMs. Chase Bank is the settlement bank
George Wainaina MD Kenswitch, Duncan Kabui CEO Chase Bank and Paul Jacquaye Group CEO Clydestone at the signing of the agreement in Nairobi, Kenya (L-R)
The member banks are: Imperial Bank, Family Bank, I&M Bank, K-Rep Bank, Kenya Post Office Savings Bank, Bank of Africa, Chase Bank, Consolidated Bank, Gulf African Bank, Housing Finance, Transnational Bank, Kenya Women Finance Trust, First Community Bank, Equatorial Commercial Bank, Fidelity Commercial Bank and Credit Bank
Point of Sale and online eCommerce (UPOP) transaction acquiring will also be launched later in the year. Group Chief Executive Officer of Clydestone Paul Jacquaye said this marks the expansion of Clydestone G-switch into the African market in pursuance of its Pan-African Strategy. -END-
About Clydestone Clydestone is a 23 year old Information and Communication Technology company listed on the Ghana Stock Exchange. Clydestone provides solutions in the area of payment systems, transaction switching and outsourcing and is headquartered in Accra, Ghana with offices Lagos, Nigeria.
About Kenswitch: Kenswitch is a registered limited company that was set up by a consortium of banks under the National Payments Systems modernization and reform process of the Central Bank of Kenya. Its terms of reference are to allow participating financial institutions to share payment infrastructure like Automated Teller Machines (ATMs) and Point of Sale (POS) terminals so as to avoid the duplication of scarce resources.
About Chase Bank: Chase Bank is a privately owned bank incorporated in Kenya in 1996. It is a conventional one stop financial institution with a focus on the SME Market.
About Union Pay: Established in March 2002, UnionPay is a bankcard association established under the approval of the State Council and the People’s Bank of China. At present, the Shanghai- headquartered UnionPay has about 400 domestic and overseas associate members. With over 3.1 billion issued Union Pay cards by members in 29 countries and regions. 100% market coverage in Mainland China, Hong Kong and Macau to the most comprehensive and widest network. Its network covers 8 Million POS terminals and 1.2 million ATMs accepted in 141 countries and markets globally by end 2012.
Contact:[email protected]