FSS takes 46% stake in Ecentric

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Global payments technology company, Financial Software and Systems (FSS) has made a strategic investment in Standard Bank subsidiary Ecentric. 

The financial terms of the deal are yet to be disclosed. With the new investment, FSS will gain an upper hand in Africa.

Larry McCarthy, head strategic investments and alliances, Standard Bank, says: “The introduction of FSS as a strategic equity partner into Ecentric will further cement Ecentric’s position as a leading provider of value-added payment services to its clients and accelerate its growth into new products, across new markets in Africa as well as furthering commercial ties between Africa and India.”

 

 

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