Namibia: TMX Online Helps Namibia's Rockhard Accelerate Its Launch

Money Transfer

Windhoek — Rockhard Bureau de Change says it has fast-tracked the deployment of business systems at its first outlet in Windhoek by opting for TMX-online from IMX Software, a supplier of currency trading and travel money technology. The company started operating in Namibia during 2014 with the vision of offering competitive exchange rates and money transfer services to residents and international travellers. It selected TMX-online as the point of sale software for the new Khomas Grove Mall branch in Khomasdal, because it offered an out-of-the-box solution that met its needs without extensive customisation.

"With TMX-online, we were able to launch our business without having to worry about designing operational procedures since they are all configured and embedded in the product," said Jerome Mutumba, Executive Chairman at Rockhard Bureau de Change. Rockhard is scheduled to open a second branch in Rundu in September, with another in Katima Mulilo following later in the year. Money transfers through the MoneyGram network are also in the pipeline.

The platform complies with Bank of Namibia regulations and provides electronic reporting for cross-border transactions using the mechanism and in the format specified by the central bank. TMX-online automates transactions involving travel-related products and services, including cash, money transfers, pre-paid cards and travellers' cheques. Because it is a browser-based solution, it offers low support and maintenance costs, and the software can be quickly and easily rolled out to any new branch with a PC and an Internet connection.

Source: New Era 11 Sptember 2014