Grand Towers Media brief

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NEWS RELEASE GRAND TOWERS ANNONCES ROLL OUT FOR PTSP LICENCE

Abuja: 11th June, 2014 – As part of efforts to support Nigeria’s move to adopt the nationwide use of electronic channels for cash transactions, Grand Towers have today announced arrangements to execute their PTSP offering by July. In a media chat with Journalist in Abuja, the Managing Director, Grand Towers Holdings – South Africa, Mr. Udo Botha and Grand Towers Asset (Nigeria) MD – Mr Ugocohukwu Duru outlined Grand Towers’ integrated strategy which centers on providing dedicated front end technical service solutions to the Market through multiple e-payment/mobile payment solutions. Mr Botha stressed that what is on offer are services which will be rendered using the best and robust IT solutions and equipments that are efficient, cost effective and user friendly. Botha went on to highlight the integral part played by the

collaboration with NIBSS and

select commercial banks which they expect to provide support and maintenance services to, in addition to merchants using POS terminals devices. All parties are confident about the intended roll out. Ugochukwu Duru explained that the total investment in the solution is about five million dollars; these systems are market ready and despite challenges that are reportedly associated with the POS systems, clients can be assured that what we have chosen will meet the needs of the Nigerian business market and Contact: Suzan Ironsi Grand Towers Plc 4 Sankuru Close, Off Rima Street-Off Gurara Street Maitama, Abuja Telephone: +234 (0) 97830272 Mobile: +234 (0) 9030837373 Email: sironsi@grand-towers.com Website: www.grand-towers.com


NEWS RELEASE will be supported by dedicated technical, administrative & training support & maintenance service. Currently carving a decisive niche, Grand Towers is poised to be a leader in its prime market of Nigeria, offering value added investment options. Privately owned and incorporated in December 2003, Grand Towers invests in high growth investments, spread across the country.

Contact: Suzan Ironsi Grand Towers Plc 4 Sankuru Close, Off Rima Street-Off Gurara Street Maitama, Abuja Telephone: +234 (0) 97830272 Mobile: +234 (0) 9030837373 Email: sironsi@grand-towers.com Website: www.grand-towers.com


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