Fintech and major bank partner to boost digital payments in Libya

Details: Vaughan O'Grady; Category: Consumer Ecosystems; 17 September 2025; 6202 views

In what is proving to be a busy week for digital payments news in the Middle East and North Africa, a fintech and a major bank have recently announced a partnership to accelerate digital payments in Libya.

More specifically Network International, a leading fintech company in the MEA region, says it has entered into a strategic partnership agreement with Libya’s National Union Bank (NUB), aimed at modernising Libya’s banking sector and expanding access to secure, innovative financial services.

Under this agreement, Network International will provide NUB with a comprehensive range of digital payment processing services, including end-to-end prepaid card issuance and a variety of value-added solutions.

This collaboration, the partners say, will accelerate NUB’s digital transformation, enhance customer experience, and complement Libya’s national financial inclusion goals.

Through Network’s advanced ‘Digital Payments as a Service’ platform, they explain, NUB will benefit from robust fraud prevention tools, a full suite of back-office managed capabilities, and other premier services. These will enable NUB to deliver seamless, secure and scalable payment experiences to its customers, improve operational efficiency and reduce time-to-market for new offerings.

Dr Reda Helal, Group Managing Director, Processing, Africa, at Network International, describes this partnership as marking “a significant milestone in our commitment to help expand digital financial services across Libya”.

Mr Ahmed Sultan, Chief Executive Officer of National Union Bank, adds: “Partnering with Network International allows us to leap forward in our digital strategy. With their proven expertise and cutting-edge technology, we can offer our customers faster, safer, and more convenient financial services.”

Network International also points out that this partnership reflects its strategic focus on expanding its footprint in the MEA region and collaborating with leading financial institutions to deliver next-generation payment infrastructure.