FTSE-listed Network International, a payment partner of Nigerian banks, has stressed the need for financial inclusion partners to drive financial inclusion plans of the Federal Government.
Group Managing Director, Processing, Africa, Network International , Dr Reda Helal ; Regional Managing Director, West and Central Africa, Mrs Chinwe Uzoho; Group Chief Executive Officer, Nandan Mer and Managing Director, Nigeria, Mrs Lola Agbebiyi, during the media roundtable to announce the launch of Network One Payment Platform in Nigeria, yesterday.
The GCEO said by deploying its flagship Network One platform on soil, the firm aligns with the CBN’s directive for in-country transaction routing, enhancing its local processing capabilities. Mer, who said about $250 million was deployed into Network One technology, noted that the firm is strategically positioning its proprietary technology infrastructure, which is developed, hosted, and maintained on a local level, to cater to the needs of local and regional entities seeking market-relevant digital payment solutions for their consumers.
Helal revealed that a crucial aspect of Network International’s sustained investment in Nigeria is nurturing an empowered local workforce. He said by growing local personnel, Network is positioned to collaborate and co-innovate with local banks and mobile network operators, providing proximity to small and medium-sized enterprises and payment experts, right in the heart of their operations.Before flagging, please keep in mind that Disqus does not moderate communities.
The Central Bank of Nigeria , yesterday, extended a financial lifeline to struggling Unity Bank Plc and gave clearance for its planned merger with Providus Bank Limited in what is seen as a potential end to end of months of apprehension over the fate of the lender. The approval came after months of speculation on…
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