NMB Bank, formerly National Merchant Bank of Zimbabwe, has inked a deal to transfer its Visa credit card portfolio to TSYS’s licensed card and merchant management platform PRIME 4.
The new technology will enable the lender to expedite cards issuing and cash acquiring program, while allowing it offer various card services to consumers and businesses in the region.
NMB Bank managing director Benefit Washaya said the new system has been tailored as per clients’ needs and market changes, and is secure, stable, compliant platform combined with the flexibility for future growth.
"PRIME’s extensive capabilities will enable us to deliver a range of flexible product offerings whilst benefitting from improved security and risk management," Washaya added.
PRIME 4, a multi-lingual, multi-currency, multi-institutional and multi-product, single platform for issuers and acquirers, is currently being deployed by 130 clients in over 70 countries.
Headquartered in Columbus, TSYS provides financial technologies to banks and financial institutions, across the globe.
Founded in 1992 and headquartered at Harare, NMB Bank was granted a commercial banking license in December 1999 and has a network of 10 branches in the country.