Aconite Technology, a provider of software and consulting for managing business applications on chips in smart cards, tokens or mobiles, has announced that it has signed contracts with Traderoot Africa of South Africa, to supply a prepaid contactless chip card system for South Africa's new integrated public transit network. (Finextra)
Aconite has licensed its Aconite Prepaid Value Manager software to Traderoot for integration into Traderoot's Universal Prepaid Issuing Platform (UPIP) product. UPIP has been licensed to a large South African transit payments processor.
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