Altron in partnership to launch public transport cashless payment solution in Rwanda
December 2, 2019, JOHANNESBURG – JSE-listed technology company Altron, through its Rest of Africa operations, has partnered with Pascal Technologies to provide a seamless and integrated payment system for motorcycle public transport services in Rwanda.
In terms of the deal, Altron is supplying the infrastructure comprising of payment terminals, GPS devices and mounting units, while Pascal Technologies is supplying the software application that enables mobile money transfers and tap-and-pay payments. The terminal enables payments while the GPS device calculates distance and the fee payable by motorcycle passengers.
Altron Rest of Africa managing director Ike Dube said, “We will supply hard-wearing, cost effective devices, while Pascal Technologies will provide the software solution to facilitate mobile-money and bank card transactions, which will enable seamless payment for motorcycle transport services by commuters, thus transforming their everyday experience.”
Pascal Technologies founder and managing director Pascal Ndizeye said, “The deal will help the Rwanda Utilities Regulatory Authority progress towards the country’s broader national goal of having a cashless society. This is also aligned to a cabinet decision to monitor motorcycle operators for safety purposes. The business opportunity is vast. Rwanda has more than 50,000 motorcycle operators transporting commuters, with each operator clocking up to 50 trips a day.”
The initial rollout is for 10,000 units, valued at about RWF 2 billion (R31 million) and is envisaged to increase to 36000 devices valued at RWF 18 billion (R279 million).
“While we are excited about the commercial opportunity for Altron ROA, we are particularly pleased to be contributing towards Rwanda’s 2020 Vision through job creation and innovation. This is our first significant foray into the country, and we will continue to explore the extension of this solution into other territories,” added Dube.
About Allied Electronics Corporation Limited
South African listed Allied Electronics Corporation Limited (Altron) is invested in telecommunications and information technology, offering ICT services in the areas of cybersecurity, software security solutions, business process outsourcing, skills development, secure transactional solutions, systems integration, cloud computing, managed services, IT infrastructure, electronic component distribution, fleet management, telematics, data analytics, converged and broadband communication services and networks, and the resale of Microsoft software.
The group’s primary focus is in providing innovative solutions in the fintech, healthtech, safety & security, and learning and development verticals that have a meaningful impact on society by addressing challenges facing communities in South Africa, the continent and beyond, while delivering shared value for all its stakeholders.
Founded in 1965, Altron has a direct presence in South Africa, the rest of Africa, the UK and Australia through its various businesses. In addition, the group’s strategic partnerships with leading international technology companies gives it access to leading technology capabilities and products from across the world, including Asia, Europe and North America. The majority of the groups revenue and headcount are derived from the local market in South Africa where the group is headquartered. The Altron group employs more than 8 500 employees globally.
About Pascal Technologies
Pascal Technology Private Limited is an Information technology company established in Rwanda in 2013.
Pascal Technologies is an established technology-intensive company, which provides a comprehensive suite of solutions comprising of vehicle speed governors and tracking systems, infrastructure consultancy, filling station automation systems, custom software development and enterprise architecture consulting.
Pascal Technologies delivers state-of-the-art solutions in various areas including, but not limited to, integrated business solutions, system applications, product development, Internet/Intranet applications and communication and security management systems. This business experience makes the company uniquely positioned to offer solutions promising greater operational efficiency, productivity gains and cost savings for customers across industries.
For further information, please contact:
Head: Communications – Altron
Mobile: +27 82 582 9534
JSE code: AEL