MTN Group says it has appointed Network International, a company that helps businesses with digital payments in the Middle East and Africa, as a Payment Processor for the fintech unit of the telecoms group.
This partnership is a major step in expanding Network’s work in Africa, adding to its growing number of issuer processing collaborations across the continent, MTN says in a statement.
Network International will provide a full range of services, including transaction processing, card management, and online fraud prevention. This will allow MTN Fintech users to seamlessly access both traditional mobile financial services and innovative digital payment solutions.
The collaboration which will roll out card issuance products in key MTN markets is fully operational in Rwanda and soon to be included countries are Uganda, Ivory Coast, and Nigeria.
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International, highlighted the importance of this partnership. “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, also emphasised the significance of the partnership saying, “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.”
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