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Proxama secures five-year deal with 'leading' South African insurance provider

London-based digital and mobile commerce company, Proxama, has announced a new five-year deal with a South African insurance group for its smart card systems.

The deal will see Proxama provide the unnamed insurance provider with its in-house Europay, Mastercard and Visa card issuing, PIN management and card lifecycle management services, in a deal worth nearly £700k over the length of the contract.

Announced to the London Stock Exchange this morning, the agreement marks further in-roads into the South African market for the Holborn-headquartered business, following a similar digital deployment deal with Diners Club SA.

Patrick Regester, EVP Sales and Marketing for Proxama’s Digital Payments Division commented: “We are delighted to have been selected as a partner. In addition to our tried and trusted software products that will support in-house EMV card issuing and processing, the customer will benefit from Proxama’s in-depth experience of smart card deployments in South Africa and around the world.”

Founded in 2007, Proxama also provides proximity marketing services, and last year announced partnerships with Google and Limited Space, the marketing business behind advertising at some of the UK’s biggest leisure venues.

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