Network International, a leading digital payments provider in the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with GIM-UEMOA, the regional payment scheme driving electronic transactions across banking, financial services, and public administration sectors in West Africa.
This strategic partnership aims to foster financial inclusion and innovation across the eight-member countries of the West African Economic and Monetary Union (WAEMU). By leveraging their combined expertise, both organizations will introduce cutting-edge digital payment solutions under the GIM-Pay framework.
Driving Digital Payment Innovation in WAEMU
The collaboration is set to provide secure, seamless, and accessible payment systems tailored to the evolving needs of businesses and consumers in the UEMOA region. Additionally, it will strengthen the capabilities of GIM-UEMOA’s affiliated member banks, equipping them with advanced digital payment tools to enhance customer service and financial accessibility.
“Partnering with GIM-UEMOA represents a significant milestone for Network International. Together, we aim to harness our combined expertise to empower the UEMOA region with state-of-the-art payment solutions that drive economic inclusion and prosperity,” said Dr. Reda Helal, Managing Director & Co-Head of Processing, Africa at Network International.
GIM-UEMOA’s Managing Director, Minayegnan Coulibaly, emphasized the collaboration’s role in enhancing digital infrastructure and financial services in the region:
“This collaboration with Network International allows for the pooling of infrastructure and solutions to bring cutting-edge digital payment solutions to the West African banking sector. We look forward to the benefits that will be realized for financial services entities throughout the region.”
Strengthening Financial Inclusion Through Partnerships
The MoU reaffirms Network International and GIM-UEMOA’s commitment to innovation in West Africa’s financial technology landscape. It highlights the role of strategic alliances in addressing the region’s financial and economic challenges while promoting greater financial inclusion.
With a population of approximately 141 million across Senegal, Benin, Burkina Faso, Guinea-Bissau, Côte d’Ivoire, Mali, Niger, and Togo, the WAEMU region presents vast opportunities for digital payment solutions that bridge gaps in financial accessibility.
By expanding digital transaction capabilities, this partnership will help drive economic growth, strengthen financial ecosystems, and position West Africa as a leader in financial technology innovation.
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