MTN Fintech Group announced that has appointed Network International,a leading enabler of digital commerce across the Middle East and Africa(MEA) as a Payment Processor.
Network International is operating in more than 50 countries and serving more than 250 financial institutions across Middle East and Africa.
MTN is confident that their partnership will enhance MTN Fintech's cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.
MTN said the partnership will focus on rolling out card issuance products across key MTN Fintech markets,starting with Rwanda which is already operational.Soon Uganda,Ivory Coast,and Nigeria will also be covered under this collaboration.Network International will provide a comprehensive range of services,including transaction processing,card management and online fraud prevention.MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.
Dr. Redal Helal,Group Managing Director -Processing,Africa and Co-Head Group Processing at Network International said:"Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa.It demonstrates our ability to successfully serve Mobile Network Operators(MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region.We are excited to support MTN Group Fintech's growth strategy,and its business development plans across the continent."
Cedric N'guessan,Executive for Payment and E-commerce at MTN Group Fintech said:"This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond.It enables our customers to actively engage in the global economy,aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent."
Last year on February,MTN Group Fintech announced a crucial partnership with Mastercard which was aimed to accelerate mobile money payments in Africa for its MoMo's customers.
That agreement with Mastercard was going to impact around 60 million active monthly users of MoMo(Mobile Money) wallets and was introduced in 13 markets across Africa.