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MTN Group Fintech, a leading provider of mobile financial services in Africa, has partnered with Network International, a key player in digital payment processing across the Middle East and Africa (MEA). Under this agreement, Network International will serve as a Payment Processor – Issuing Partner for MTN Fintech, facilitating secure and efficient digital transactions across multiple African markets.
Accelerating Card Issuance and Financial Inclusion
As part of the collaboration, MTN Fintech will roll out card issuance services in strategic markets, starting with Rwanda, which is already operational. Expansion into Uganda, Ivory Coast, and Nigeria is set to follow, enabling millions of mobile money users to access seamless digital payment solutions.
Network International will provide transaction processing, card management, and fraud prevention solutions, reinforcing the regulatory compliance framework necessary to support the growing adoption of digital payments in Africa.
Strengthening Africa’s Digital Financial Ecosystem
Dr. Reda Helal, Group Managing Director – Processing, Africa, and Co-Head Group Processing at Network International, emphasized the partnership’s significance:
“Our collaboration with MTN Group Fintech marks a major milestone in outsourced payments services across Africa. This partnership underscores our ability to support Mobile Network Operators (MNOs) through robust processing solutions, furthering our commitment to driving digital financial inclusion.”
Similarly, Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech, highlighted the transformative impact of this collaboration:
“Partnering with Network International strengthens our mission to enhance financial inclusion. This initiative empowers millions of customers to participate more actively in the global digital economy, in line with our broader strategic goals in collaboration with Mastercard.”
Enhancing Africa’s Digital Payments Infrastructure
Network International has been expanding its footprint in Africa, launching ‘Network One’ in Nigeria in August 2024. This integrated payment platform offers merchant and issuer solutions, supporting banks, fintechs, and mobile network operators across West Africa.
This partnership reaffirms MTN Group Fintech’s commitment to digital transformation, enabling millions across Africa to access secure, compliant, and scalable financial services. With the rise of mobile money and digital payments, strategic alliances like this will play a pivotal role in advancing financial inclusion and regulatory compliance across the continent.
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