Network International, a prominent facilitator of digital commerce in the Middle East and Africa (MEA), has been designated as a Payment Processor – Issuing partner for MTN Group Fintech, the foremost mobile financial services provider in Africa. This collaboration significantly broadens Network's array of issuer processing partnerships on the African continent.
With operations in over 50 countries and partnerships with more than 250 financial institutions, Network International leverages its expertise to bolster MTN Fintech’s advanced mobile services, delivering increased value to stakeholders and customers throughout Africa.
The partnership aims to introduce card issuance products in key MTN Fintech markets, beginning with Rwanda, where operations are already underway. Following this, Uganda, Ivory Coast, and Nigeria will also be included in the initiative. Network International will offer a full suite of services, encompassing transaction processing, card management, and online fraud prevention. Users of MTN Fintech will enjoy a seamless experience that integrates traditional mobile services with innovative digital payment solutions.
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International, stated: “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, remarked, “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 delivers voice, data, fintech, enterprise wholesale, and API services to over 288 million customers across 14 African markets.