WATCH THE VIDEO HERE MTN’s fintech arm, MoMo, has appointed Network International, an enabler of digital commerce across the Middle East and Africa (MEA) as a Payment Processor as it seems to boost its offerings across the African continent. According to a statement on Tuesday, the partnership 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. Three countries including Nigeria, Uganda, and Ivory Coast, will also be covered under this collaboration in due time. With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MoMo’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. Based on this, Network International will provide a comprehensive range of services, including transaction processing, card management, and online fraud prevention. MoMo users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions. Speaking on the partnership, Mr Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech said the 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,” he said. On his part, Mr Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International aded that the 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.”
MoMo Appoints Network International as Payment Processing Partner
