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26 — Vanguard, Wednesday, NOVEMBER 6, 2019<br />
Interswitch moves into e-health with eChat acquisition<br />
By Prince Osuagwu, Hi-Tech Editor<br />
Digital payment company,<br />
Interswitch Limited, has acquired<br />
a health-based technology<br />
company, eClat Healthcare<br />
Limited to improve healthcare<br />
delivery in Africa. The deal which<br />
was sealed last weekend saw<br />
Interswitch acquiring a 60 percent<br />
stake in the Nigerian health tech<br />
company, through the purchase of<br />
shares from current shareholders<br />
and subscription to new shares<br />
issued by the company.<br />
Founded in 2012, eClat<br />
Healthcare Limited specializes in<br />
assisting healthcare service<br />
providers in planning, designing<br />
and operating their unique<br />
practices through the deployment<br />
of its bespoke healthcare<br />
technology platform, designed<br />
specifically for the healthcare<br />
environment in Africa.<br />
eClat’s healthcare technology<br />
platform, consists of a core e-Clinic<br />
software, including electronic<br />
billing, immunization, ante-natal<br />
and care pathway functions, as well<br />
as a variety of additional specialist<br />
modules. Prior to the acquisition,<br />
eClat’s platform had become a<br />
leading Electronic Health Record,<br />
EHR platform used in over 250<br />
public and private healthcare<br />
facilities in Nigeria.<br />
Group Managing Director/Chief<br />
Executive Officer of Interswitch, Mr<br />
Mitchell Elegbe, said that Nigeria’s<br />
healthcare system currently lacks<br />
adequate funding and a national<br />
framework, leading to operational<br />
inefficiencies.<br />
He promised that Interswitch’s<br />
strategic investment in healthcare<br />
technology aims to address these<br />
challenges by modernising the<br />
healthcare sector in Nigeria and<br />
eventually in Africa through its<br />
innovative products and services.<br />
The combined product offerings<br />
of Interswitch and eClat are<br />
expected to, amongst other things,<br />
enable operators in the healthcare<br />
sector develop new capabilities,<br />
improve the efficiency of their core<br />
operations and facilitate seamless<br />
payments.<br />
According to him, “due to the<br />
growing adoption of Interswitch’s<br />
healthcare product offerings by the<br />
operators, Interswitch’s healthcare<br />
technology platform aims to be one<br />
of the top industry platforms in<br />
Nigeria, which can be utilised as a<br />
major data source by healthcare<br />
policy makers for planning and<br />
efficiency improvements in the<br />
sector. As a result of this<br />
acquisition, the combined<br />
healthcare technology solutions<br />
are expected to position the<br />
Interswitch group as a health-tech<br />
solution and payments provider of<br />
choice to the healthcare industry<br />
going forward”<br />
By Prince Osuagwu,<br />
Hi-Tech Editor<br />
In recent years, Africa’s mobile<br />
network infrastructure has been<br />
rapidly improved, and<br />
smartphones have been further<br />
popularised. The number of mobile<br />
Internet users in Africa is growing<br />
rapidly, The General System for Mobile<br />
communications Association, GSMA in<br />
July, said that in the next few years,<br />
sub-Saharan Africa will be the region<br />
with fastest growing number of mobile<br />
users in the world.<br />
It predicted that by 2025, the total<br />
number of mobile users in the region<br />
will increase to more than 600 million,<br />
which is about half of the total<br />
population on the African Continent.<br />
By then, the number of users accessing<br />
the Internet via smartphones will be<br />
doubled. Under the stimulation of the<br />
demographic dividend, Africa has<br />
ushered in a crucial time for digital<br />
transformation and digital economy<br />
development. The substantial increase<br />
of users has a profound impact on the<br />
development model of mobile Internet<br />
technology in Africa. Nowadays, from<br />
mobile payment to instant messaging,<br />
from music streaming media to short<br />
video social networking, from online<br />
games to online reading, Africa is<br />
experiencing an upsurge in the<br />
development of the mobile Internet.<br />
However, despite the huge potential<br />
for progress, experts say the<br />
continent's mobile internet<br />
connectivity needs boosting, and, that<br />
requires enormous investment and<br />
significant regulatory reforms<br />
Today, more than 1.2 million<br />
Why Africa’s Mobile Internet should<br />
seek new opportunities<br />
•GSMA says region may have world’s highest mobile users<br />
•How Tecno thinks smartphone makers can help<br />
kilometers of Internet cables run<br />
across the oceans' floors, yet, not more<br />
than 22 percent of the continent has<br />
access.<br />
Experts have suggested that in the<br />
new world order, the practical solution<br />
is to look for new opportunities. In<br />
Africa's case, the China-African<br />
collaboration appears the solution.<br />
The China-African innovation team is<br />
constantly bringing forth new ideas in<br />
the localisation of mobile Internet<br />
products, operations, and strategies in<br />
Africa, with the aim of deepening<br />
Interconnection and cooperation to<br />
jointly build an informationist, Africa.<br />
To key on this and become a part of<br />
the history, mobile phone makers,<br />
Tecno said it decided to invest in<br />
sponsorship of the First China-Africa<br />
Mobile Internet Economy Summit<br />
which held in Nairobi Kenya, last<br />
week. The summit was co-sponsored<br />
by China-Africa Fund for Industrial<br />
Cooperation, CAFIC, GSMA Mobile<br />
360 Series, and Tecno, global. It<br />
brought together more than 200<br />
representatives from top organizations<br />
and enterprises in the fields of<br />
technology, mobile communications,<br />
Internet, venture capital, and<br />
entrepreneurship incubation, including<br />
Netease, Tencent, Jumia, Google,<br />
Facebook, Safaricom, MTN, Goldman<br />
Sachs, United Bank for Africa, among<br />
others. At the summit, Tecno said it<br />
shared its experiences and substantial<br />
achievements in the African mobile<br />
Internet ecosystem. With its in-depth<br />
involvement in the African market for<br />
many years, General Manager of<br />
Tecno, Stephen Ha said: “With the<br />
digitalisation and modernisation of<br />
Africa, we will keep providing users<br />
with smart, smooth, simple smartphone<br />
devices and mobile internet services.<br />
As a forerunner of mobile Internet in<br />
Africa, with our own successful<br />
experiences and vast smart phone<br />
terminal entrance resources, we are<br />
As a forerunner of mobile<br />
Internet in Africa, with our<br />
own successful experiences<br />
and vast smart phone<br />
terminal entrance resources,<br />
we are willing to help<br />
Chinese start-ups interested<br />
in African market<br />
willing to help Chinese start-ups<br />
interested in African market to go<br />
overseas better and faster, and<br />
empower excellent start-up teams of<br />
Africa to accelerate the rapid incubation<br />
and growth of mobile Internet<br />
products.”<br />
For him, the company developed a<br />
customized intelligent terminal<br />
operating system, HiOS, which he<br />
believes is more suitable for<br />
smartphone users in Africa. He said:<br />
“Based on it, Tecno actively cooperates<br />
with App store, Palmstore, Game center<br />
AHA Games, mobile browser Phoenix<br />
Browser, news aggregation APP<br />
Scooper, mobile Internet traffic APP<br />
SIMO, and other applications to build<br />
a mobile Internet ecological chain for<br />
Africans.<br />
At the same time, we have actively<br />
introduced external high-quality<br />
resources and established in-depth<br />
partnerships with several mobile<br />
internet applications that are popular<br />
with African mobile users, including<br />
music streaming and download service<br />
platform Boomplay, short video social<br />
platform Vskit, online reading APP<br />
Ficool, and mobile payment APP<br />
Palmpay, among others”.<br />
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