FSS makes strategic investment in Ecentric Payment by picking 46% stake

Payments technology and transaction processing provider Financial Software and Systems Monday said it has made a 'strategic investment' in South Africa based Ecentric Payment Systems by acquiring 46 per cent stake.

"FCC has acquired a 46 per cent stake in Ecentric through a combination of primary and secondary investments, with a potential to further its stake holding", city-based FSS said in a statement.

Ecentric, headquartered in South Africa, a Standard Bank subsidiary, is a leading payment stitching and retail value-added services provider.

Ecentric has a strong presence in domestic and other African markets for its payment acceptance solutions.

"We are pleased to join Ecentric