Millennium Bim Selects Ingenico Group To Upgrade Its POS Fleet In Mozambique

The deployment of Ingenico Group’s smart terminals has started in all its branches across the country

Ingenico Group, the global leader in seamless payment, today announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales throughout the country.

Millennium Bim selected Ingenico Group’s smart terminals for their flexibility, innovative capabilities, and compliance with the highest security standards. Beyond a banking application, the mid-term objective is to enhance  the end customers’ experience by offering extra value-added services.

“Mozambique is a very competitive banking market

and we need to continuously improve our technological infrastructure in order to guarantee the best service level to our clients. We are also committed to be closer to the population by bringing them banking and financial services,” commented Francisco Leite, Head of the Commercial Team at Millennium Bim POS Unit.  “Keeping this in mind, we have maintained growth within the conventional banking format, also focusing on the expansion through alternative channels like the brand-new POS Terminals. Ingenico Group was the right partner to help us achieve this strategy.”

The deployment of Ingenico Group’s smart terminals

has started in all its branches across the country. About 3,000 wireless and countertop terminals have been custom branded, with a new magenta facing, to strengthen Millenium Bim’s brand recognition and present a unified and enhanced customer experience.

“We are very pleased to support Millennium Bim’s long-term development strategy in Africa through our local partner Soluções Lda”, commented Luciano Cavazzana, Eastern Europe & Africa Managing Director at Ingenico Group.“This partnership demonstrates our capacity to simplify payment for merchants and to add value to bank branches, enhancing consumer experience through innovative technology and value-added services. It will strengthen our position locally and pave the way for future common initiatives on the African continent as we continue our strategy of geographic ex pansion in strong growth markets.”

About Ingenico Group

Ingenico Group is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.

About Millennium Bim

Is the largest financial group in Mozambique. It has set the pace of the banking sector growth in which it is the leader at national level since its foundation, with the highest level in assets, deposits and credit. The bank has the most far reaching network of branches and ATM’s in the country and relies on its 2.340 staff to provide high quality services to 1.2 million clients from Rovuma to Maputo.

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to

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