Netcompany-Intrasoft (previously known as INTRASOFT International) has implemented and commissioned the National Payments Switch of Zambia, based on IST/Switch by FIS Global following a contract signed with Zambia Electronic Clearing House Limited (ZECHL). Following the operation of the system, INTRASOFT International is also providing Maintenance and Support Services.
The switch integrates financial services offered via ATM, POS Mobile banking and other financial services that need to be switched. In addition, the project enables various players to concentrate on product research and market development to reach the un-banked and under-banked population of Zambia in a cost-effective manner. The National Switch is used as a hub for interconnecting various retail payment systems, including electronic transfers initiated from Automated Teller Machines (ATM) and point-of-sale (POS) terminals, and even mobile phone payments.
Netcompany-Intrasoft l has a long-established cooperation with FIS Global (www.fisglobal.com) holding considerable experience on FIS’s products and having established a specialized team on FIS Payments applications. Netcompany-Intrasoft's Digital Payments team consists of Implementation Specialists, Code Developers, Support Engineers, Architects and Business Analysts.