Algeria's state-owned electronics and digital solutions provider, INATEL, has obtained official approval from the Automated Cash System Group (GIE Monétique) to install electronic payment terminals (TPE) under Class V. This certification validates INATEL's expertise and capabilities in contributing to the development and modernization of electronic payment methods in Algeria. INATEL, based in Tlemcen, operates under the Algeria-based conglomerate, ELC Algeria.
The approval comes as a result of INATEL's demonstrated competence and technical expertise. The company's Operations Directorate will oversee the deployment of electronic payment terminals, providing services such as delivery, installation, and operation. Additionally, INATEL will offer training and support to merchants in using these devices. This move aims to promote the widespread adoption of electronic payment methods in Algeria.
INATEL's efforts align with Algeria's national digital transformation strategy. By developing a secure, reliable, and modern payment system, INATEL contributes to the country's economic development. As a public institution, INATEL designs specialized products and integrates technological solutions for public institutions, major infrastructure projects, and other entities.
The company has expanded its presence in African markets, exporting electronic payment terminals to Nigeria. Recently, INATEL signed an agreement with the Permanent Strategic Committee for the Kinsshasa City Expansion Project (CSSPEVK) in the Democratic Republic of Congo. This partnership involves implementing a comprehensive digital, industrial, and technological program for the new Kinsshasa city project, Kinsshasa Kia Mona.
INATEL's expansion into African markets is part of its strategic plans. The company, along with its partners PGS Africa and DABYAN, will execute the Kinsshasa project. This collaboration demonstrates INATEL's capabilities in delivering large-scale projects and its commitment to fostering growth in the region.
The electronic payment terminal installation project is expected to enhance financial inclusion and modernize Algeria's payment systems. INATEL's achievement reflects its position as a leading player in Algeria's electronics and digital solutions sector. With its expertise and experience, INATEL is poised to drive growth and innovation in the industry.
As INATEL continues to implement its plans, it aims to accelerate the deployment of electronic payment terminals across Algeria. By doing so, the company will contribute to the country's efforts to promote digitalization and enhance its financial infrastructure. INATEL's progress in the African market is a testament to its capabilities and potential for future growth.
Key points
- INATEL obtains Class V approval for electronic payment terminal installation
- The company aims to promote widespread adoption of electronic payment methods in Algeria
- INATEL expands its presence in African markets, including the Democratic Republic of Congo and Nigeria
