RESPONSES

Mergers, Acquisitions and Financial Results

ISSUE 143: ONLINE PAYMENT - THE AFRICAN ECOMMERCE NIGHTMARE POST 9-11

http://www.ftpiicd.org/iconnect/dox/chege1.doc

Mike Chege

MASTER INTERNET MERCHANT ACCOUNTS THE WAY TO GO

rufaa.com with the collaboration of a US based company and some African financial Institutions is working on a project that I believed could be help to create a real e-commerce business in Africa. The concept involves the setting up of a website with a Master Internet Merchant Account. It will also involve the development of a software to handle payment on client’s website (in a small e-commerce site in Africa). The process will further entail the development of agents network that will be responsible to execute payment cash/or on retailer bank account (like Western Union). The agent will need to pay a set up fee for the software and access with the network. This will be basically an Online money Transfer System. We’re still consulting with all parties to come up with a suitable payment solution, If you’re interested to bring you point of view, feel free to email.

Pasquale Goder

info@balancingact-africa.com