Network International’s Impact on Digital Payments and Financial Inclusion in Africa

Network International, a leading payment solutions provider, has been at the forefront of driving the transition to digital payments in Africa. In an interview with the publication, the company highlighted its efforts to help economies and businesses grow by simplifying payments and commerce.

The company emphasized the importance of accelerating the shift from cash to digital payments in Africa, citing the significant benefits of digital financial solutions in driving economic growth and financial inclusion. Network International has made substantial investments in enhancing its technology platform and expanding its local talent to support this transition.

With a focus on both ‘Make payments’ (issuing) and ‘Take payments’ (acceptance), Network International has developed cost-efficient payment solutions for banks, financial institutions, mobile network operators, and fintechs, as well as merchants. The company has also partnered with leading pan-African banks and mobile network operators to expand its reach and offer innovative solutions.

The Covid-induced lockdowns have further accelerated the adoption of digital payments in Africa, prompting financial institutions to invest in enhancing their digital channels and offering a wider range of digital services. Network International highlighted the importance of partnerships with mobile money providers to extend financial services to unbanked and underbanked populations.

In addressing the challenge of financial crime, Network International offers fraud management solutions to its clients, leveraging advanced technologies to protect transactions from fraud and cyberthreats. The company’s hosted fraud management solution has successfully reduced fraud losses for its clients and increased detection rates.

Looking ahead, Network International sees a promising future for both the company and Africa. The company plans to continue investing in technology infrastructure and people across multiple African markets to support the transition to digital payments. Network International aims to strengthen its digital payments capabilities, introduce new services, and comply with local regulations to better serve its customers in the region.

Overall, Network International’s commitment to driving the shift to digital payments in Africa and its focus on innovation and partnerships position the company as a key player in advancing financial inclusion and economic growth on the continent.