Network International to revolutionise digital payment landscape with cutting-edge solutions

With state-of-the-art technologies intended to improve customer experience and business drive, Network International (NI), the leading digital payments firm in Africa and the Middle East, is poised to revolutionize the local digital payment market system.

This comes after announcing its new position in the Ghanaian market and pledging to provide customers with frictionless digital payment solutions.

Network International has highlighted a range of cutting-edge products and solutions in the provision of digital banking smart cards and cardless services like mobile money and Fintech payment platforms, among others. NI is a digital payment expert with three decades of experience in Africa and the Middle East, holding significant market shares in over 50 countries.

These solutions among others themed, ‘Payment as a service-Built for the future’, the management explained that will birth frictionless services fully compliant with the highest security and quality standards.

The management of Network International feels that the time is right to take the local market by storm and push digital payments a notch higher, despite the company having been in the nation for the past 15 years, carefully establishing its presence by offering customized solutions to roughly 18 banks and Fintech institutions.

Managing Director, Network International Ghana, Perry Addo-Quaye, speaking at the official launch event at Kempinski in Accra, stressed that the brand has been accelerating investments to improve and expand its local processing capabilities over the years, innovating on its value propositions, and more importantly, nurturing top local talents to help deliver its global expertise.

“Network operates in Ghana a unified, integrated, and modular payment processing platform offering a set of payment products and solutions that enable issuers and acquirers to deliver exceptional digital payment experiences to their end customers,” he said.

He went on to say that the fully parametrized and programmable platform that NI provides enables a quicker time to market as well as improved operational and cost efficiency. In addition, it is a strong and best-in-class platform with comprehensive digital-first features for managing and processing payments, processing card and merchant transactions, managing digital channels, and much more.

“It also offers a set of empowering value-added services and solutions that provide a competitive advantage for our existing and future clients,” he emphasised.

Regional Managing Director, West, and Central Africa, Chinwe Uzoho, contextualized the vision for the investment in Ghana, stressing that the noticeable shift in consumer behaviours in adopting digital channels in everyday life, the need for speed in accessing banking services, and more importantly the growing intent of the central bank and regulatory bodies to improve the control framework of funds and data movements, are all valid reasons to be on-soil in Ghana.

“Our decision to intensify our investment in Ghana reflects our recognition of the dynamic and evolving payment landscape in the country and the region.

“We see a strong demand for digital and fast payment solutions from businesses and consumers and a need for more secure and compliant payment systems from regulators and central banks. Our capabilities, technology, people and compliance, are well suited to meet these needs,” she said.

In a presentation, the Chief Product Officer of Network International, Manav Mehra, emphasised that with NI’s presence locally, banks now have the flexibility to access its issuer onboarding portals and explore the sandbox environment created to set card products and product usage parameters like limits and fees.

“Banks can sift through the sandbox to enable self-service, test virtual card creation, view balances, and much more. Also, our best-in-class customer 360 fraud detection platform ‘Falcon’ can quickly detect and react to threats such as online fraud, card skimming, lost or stolen cards, and account-to-account transfer frauds using real-time fraud scoring,” he explained.

For over 30 years, Network International has delivered innovative solutions that drive revenue and profitability for our customers and help businesses and economies prosper by simplifying commerce and payments.