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SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme.

The programme aims is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from Monday to Thursday next week (18 to 21 September 2017). Over 1000 chief information officers and senior IT executives from around the world are expected to attend.

In a press release today Dave Glass (pictured above), managing director of Electrum, said he is “thrilled” to be participating in the programme.

“The selection by Gartner demonstrates the interest and demand for our next-generation payments technology, which is secure, highly scalable, supports omni-channel and runs in the cloud.”

Electrum is used by three of South Africa’s largest retailers and SA’s fastest growing retail bank.

‘The selection by Gartner of Electrum demonstrates the interest and demand for our next-generation payments technology’

The company enables digital transformation at banks and retailers by providing payments application program interfaces (APIs) that support digital products and payment types across customer-facing channels including mobile, online, point-of-sale devices, ATMs and self-service kiosks.

Read more: 26 Fintech startups you absolutely need to know about [Digital All Stars]

Electrum’s cloud-based payments platform currently processes over a billion transactions per annum. The platform is used to process and switch a range of financial transactions including pre-paid products, gift cards and bill payments. It also supports new and emerging payment types such as QR codes, digital wallets and cryptocurrencies.