Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s foremost mobile financial services provider.
This partnership marks a significant step in Network’s expansion of issuer processing collaborations across the African continent.
With operations spanning over 50 countries and a client base of more than 250 financial institutions, Network International will leverage its expertise to enhance MTN Fintech’s innovative mobile services.
The collaboration aims to provide seamless and secure digital financial solutions to customers and stakeholders across Africa.
The partnership will focus on rolling out card issuance products in key MTN Fintech markets, starting with Rwanda, which is already operational. Expansion efforts will soon extend to Uganda, Ivory Coast, and Nigeria.
Network International will offer a comprehensive suite of services, including transaction processing, card management, and online fraud prevention, ensuring a seamless and secure financial experience for MTN Fintech users.
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International, highlighted the importance of this partnership, stating:
“Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It showcases our ability to successfully serve Mobile Network Operators (MNOs) through our fully-fledged processing solutions and reaffirms our commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy and its business development initiatives across the continent.”
Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech, emphasized the partnership’s role in enhancing financial inclusion:
“This collaboration with Network International is pivotal in driving financial inclusion across Africa and beyond. It empowers our customers to actively participate in the global economy, aligning perfectly with our strategic goals alongside Mastercard to expand access to digital financial services across the continent.”
MTN Group currently provides voice, data, fintech, enterprise wholesale, and API services to over 288 million customers across 14 African markets. This latest partnership with Network International is expected to accelerate digital payment adoption, further solidifying MTN Fintech’s position as a leader in the financial services sector.
