E-Transact

[wanaj0]

Well, learnt that they are planning a PP. Will share once I get more information.

[solainvest]

Originally Posted by wanaj0

Well, learnt that they are planning a PP. Will share once I get more information.

Nice one.

I found this link, it might explain more about the company.

http://www.sunnewsonline.com/webpage...-mar29-003.htm

[newton]

Originally Posted by wanaj0

Well, learnt that they are planning a PP. Will share once I get more information.

Hmmm, this shd be a good one, they got a number of banks backin them... wd also try to get more info on the coy.

[BLUEMONEY]

Originally Posted by newton

Hmmm, this shd be a good one, they got a number of banks backin them... wd also try to get more info on the coy.

i hope the banks backing them will not hijack the PP as usual.

[deeny]

yes the link is ok and nice but then when are they coming out with the pp

[exponent]

i will really appreciate if more info can be shared on the pp of e-tranzact cos this is surely a good buy considering the surge in electronic payment in most higher institutions and i can authoritative say that e-tranzact is involved in most of the online payment of nigerian higher institutions.

[dejacrue]

i don't know if etranzact ltd is planning a pp but one thing i can authoritatively tell u is that the co. BOD comprises 2 widely celebrated bank ceos' who would rather buy most of the shares on pp offer if true as the co. is solid as it handles most banks' online transactions; merchants payment made easy thru' d platform;nigerian tertiary institutions now pay thru etranzact along with interbank online funds transfer,dstv/other bills paymt,gsm recharge.
Indeed it is a good buy but b'cos of the presence of banks' involvements,there 'll be return money if there is a pp.check more info on the co. on www.etranzact.com

[olusolakemmy]

as good as the company is, i will be skeptical about it.
electronic business still have a lot os shortcomings in nigeria.

i was speaking with a friend who is in IT department in one of the big banks in nig and he told me, how much they lost to e-fraud, but the bank had to keep it secret in order not make investors and customer panic!!!!!!!!!!!
as a result the bank reduce its e-services.

my point is, if any such happens, does etransact have enough back bone to remain in business, because i discover, organisations are just half of what they boast of.

i might be wrong, and if the PP is real, i hope the minimum requirement wont be too much so that you can invest and look away.

boys are very smartttttttttttttttttttt

[ololo-in-the-make]

Hi Sola, tell me one organisation that has not lost money to electronic fraud. even hear in the UK, electronic fraud is rampant.
so their is no big deal.

[BLUEMONEY]

Originally Posted by ololo-in-the-make

Hi Sola, tell me one organisation that has not lost money to electronic fraud. even hear in the UK, electronic fraud is rampant.
so their is no big deal.

yes it happens everywhere but the point here is can this company fully recover if such a thing happens ???
Oceanic Bank is still recovering from this incident.

[Phronesis]

i believe the financial institutions bear the burden. this company just provides the infrastructure for them. they do not operate the accounts or have the deposits.