MTN Group Fintech, described as Africa’s leading mobile financial services provider, has appointed Network International, an enabler of digital commerce across the Middle East and Africa (MEA), as its partner for Payment Processor – Issuing.
This partnership, say the two companies, marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.
The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon, Uganda, Cote d'Ivoire and Nigeria will also be covered by this collaboration.
Network International says it will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. It adds that MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.
With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International says it brings its expertise to a partnership that will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.
MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International says: “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 via our fully-fledged processing solutions and our continued dedication and commitment to the African region.”
Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech, adds: “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.”
