Menu

M2M FEATURE NEWS

Vodacom Business Introduces M2M Services in Nigeria to Serve Retailers and Financial Institutions

By Shankar Pandiath November 20, 2012

Vodacom Business Nigeria has launched its Machine-to-Machine (M2M) solutions aimed at boosting the financial and retail sectors in the West African country.

The move hopes to bolster corporations and retail companies using the business services from the telecom operator. The solution represents a milestone in Machine-to-Machine technology in Nigeria. 

These next-generation solutions utilize the GSM data network to connect retailer’s POS to the central servers or to the Nigerian Interbank Settlement Systems (NIBSS) network and the ATM to the bank’s central servers. What’s more, M2M solutions are highly cost effective and offer real-time monitoring. They provide the customer with direct visibility of the usage and availability statistics of their devices.

According to the statement announcing the launch, the new M2M services will “enables seamless network fail-over to a secondary network in the event of failure on the primary network.”

Vodacom’s product manager, Abu Etu, said, “The services can support two Sims and are aimed at applications such as ATMs, POS and back-up. Companies can use the mobile data network to connect retailer PoS terminals to central servers or to the Nigerian Interbank Settlement Systems and ATMs to the bank’s central servers.”

The key concern among financial institutions and other retailers is data security, to which Vodacom has assured the market of the in-built security of its new M2M solutions. “Our solutions are built on a secure network and all transactions are encrypted over the Vodacom MPLS network. We have put in place IPSEC tunneling, private APNs, SIM authentication and a host of security measures to provide much needed peace of mind,” said Abu Etu.

Guy Clarke, Vodacom Business Nigeria’s Managing Director, said that the time for M2M technology is finally here. He added that this technology provides huge opportunities for a fast growing market like Nigeria – especially in the enterprise space. Guy also claimed that by using M2M technology to provide viable solutions to its customers, the company is delivering on its commitment to continuously provide best of breed products to support its customers businesses in any given way.

With telecom services facing an uncertain future over poor customer services, Vodacom believes that the new service will enable business owners and users to have greater connections with clients and partners across the country. The new service hopes to bring greater connectivity to commercial districts to rural areas of the 36 states across Nigeria.




Edited by Brooke Neuman

IoTevolutionworld Contributor

SHARE THIS ARTICLE
Related Articles

IBM and NUS Announce FinTech and Blockchain Collaboration in Singapore

By: Ken Briodagh    4/25/2017

The National University of Singapore (NUS) School of Computing and the IBM Center for Blockchain Innovation (ICBI), a part of IBM Research, recently a…

Read More

Telit Combines LoRaWAN and BLE in New IoT Wireless Module and Joins LoRa Alliance

By: Ken Briodagh    4/25/2017

In a recent announcement, Telit, a global enabler of the Internet of Things (IoT), has introduced the RE866A1-EU, its LoRaWAN protocol, Bluetooth low …

Read More

The Whole World is Wireless with LTE

By: Carl Ford    4/25/2017

When LTE was first set up as a standard the need for better bandwidth services was at its peak.

Read More

New Webinar: Important Factors for Using Business LTE

By: Ken Briodagh    4/20/2017

Get Wireless, Sierra Wireless and IoT Evolution will jointly host a new webinar, "Top 5 considerations for LTE in your business."

Read More

Systech Announces New IoT Gateway, Made in USA

By: Ken Briodagh    4/19/2017

According to a recent announcement, Systech Corporation, headquartered in San Diego, CA, has launched a new modular IoT hardware gateway, the SysLINK …

Read More