FundsTech installs pre-paid card platform in South Africa

Source: FundsTech

FundsTech (OTC Bulletin Board: FNDS), (Frankfurt "FT4', A0MWLG) a financial services company announced today that it has installed its prepaid processing platform in Johannesburg, South Africa.

FundsTech Corp (FTC) has installed its prepaid processing platform at a Vodacom secure facility in Johannesburg, South Africa. The platform is currently undergoing certification and will be utilized not only for issuing of prepaid cards in South Africa, but also for many other targeted countries in Africa such as Kenya, Tanzania, Mozambique and Morocco as well as others.

Victoria Vaksman, EVP of FundsTech Corp, stated, "We have achieved another milestone with the installation of our prepaid platform in Johannesburg that will service the entire African continent. Our first order of business is to complete the certification of the platform and then to deliver approximately 1.5 million cards through our Strategic Partners to their clients."

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