INTRALOT SIGNS NON-LOTTERY TRANSACTIONS SERVICE AGREEMENT IN CHILE
An important agreement was signed between INTRALOT and “Polla Chilena de Beneficencia”, the state lottery organization of Chile. The 6-year agreement (with a 2-year renewal option) grants INTRALOT to the right of usage of the points of sales network of Polla Chilena de Beneficencia to conduct bill payment collections and added value transactions.
INTRALOT, having been awarded this service by Polla Chilena de Beneficencia, has signed an agreement with Servipag, the major Clearing House for Banks and Department stores in Chile. INTRALOT will provide the technology of the installed lottery system and terminals for the collection of the bill payment transactions through its terminals and the transfer of these transactions online to Servipag for clearance.
Mr Constantinos Antonopoulos, CEO of INTRALOT, commented: “Polla Chilena de Beneficencia is a modern lottery operator striving constantly for new opportunities and income growth. This new transactions services award by Polla honours us. We are committed to continue delivering cutting-edge technological capabilities and services to our customers and making alliances with the best companies, like Servipag, to exploit these services.”
Servipag, owned by Banco de Chile and Banco de Credito e Inversiones, is a licensed company in Chile for conducting bill payments, fund transfers and in general clearance of financial transactions. The company handles an amount of 30 million transactions yearly and currently offers services to the customers of all major state and private companies in Chile.
Mr Oscar Alvarez, General Manager of Servipag stated: “This agreement with INTRALOT, one of the leading global lottery providers, is an excellent opportunity for Servipag not only to increase its market share in the Chilean market, but also to expand our business collaboration in other Latin American countries.”
INTRALOT is engaged in the development of integrated gaming systems and provides multiple services related to the design, development, operation and support of games. Based on its extensive know how, advanced product development specifications and substantial experience in organizing and operating lottery games, INTRALOT can offer its clients custom-made integrated solutions, which ensure maximum efficiency and absolute security. Following a highly successful period of rapid growth, INTRALOT is ranked 3rd in revenues and 2nd in profits, based on 2002 financial results, among lottery suppliers worldwide, and maintains a steady course towards the leading position in the global market. Today the company has secured an important position in the European and South American markets while is expanding its presence in North America and S.E. Asia.