Network International to revolutionise digital payment landscape with frictionless solutions

Network International (NI), the largest digital payments company in Africa and the Middle East, is set to transform the local digital payment market system with cutting-edge solutions designed to enhance customer experience and business drive.

This follows the outdooring of its new status in the Ghanaian market with a commitment to deliver frictionless digital payment systems to clientele.

As a digital payment expert with three decades of experience in Africa and the Middle East, having significant market shares in over 50 countries, NI has highlighted a range of innovative products and solutions to unpack in the provision of digital banking smart cards as well as cardless services like mobile money and Fintech payment platforms among others.

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.

Even though Network International, has been operating in the country over the past 15 years, meticulously building its presence with the provision of tailored solutions to about 18 banks and Fintech institutions, the management believes the time is due to take the local market by a storm and inch digital payments a notch higher.

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 added that the platform NI offers is highly parametrized and configurable, allowing faster go-to-market and enhanced operational and cost efficiencies. It is also a robust and best-in-class platform that offers rich digital-first capabilities for card and merchant hosting, payment transaction processing and management, digital channel management and many 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, Chief Product Officer, 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.

The post Network International to revolutionise digital payment landscape with frictionless solutions appeared first on The Business & Financial Times.

Read Full Story