MTN Group Fintech, Africa’s top provider of mobile financial services, has selected Network International (Network), a prominent facilitator of digital commerce in the Middle East and Africa (MEA), as a Payment Processor-Issuing partner on Tuesday.
With this cooperation, Network’s portfolio of issuer processing partnerships across the African continent has grown significantly.
MTN Group underlines that Network International will contributes its expertise to this collaboration, which will improve MTN Fintech’s state-of-the-art mobile services and offer even more value to stakeholders and clients throughout Africa.
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MTN Group Fintech to leverage Network International’s widespread presence
Network International has a presence in more than 50 countries and serves more than 250 financial institutions.
The collaboration will concentrate on introducing card issuing products in important MTN Fintech markets, beginning with Rwanda, where it is now functioning. The company noted that Nigeria, Ivory Coast, and Uganda will soon be included in this partnership as well.
A wide range of services, such as card management, transaction processing, and online fraud prevention, will be offered by Network International.
Users of MTN Fintech will enjoy a smooth experience utilising both cutting-edge digital payment solutions and conventional mobile services.
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MTN Group Fintech, Network International share their enthusiasm about the partnership
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “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 added, “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.”
MTN Group serves over 288 million users in 14 African regions with phone, data, fintech, enterprise wholesale, and API services.