Network International and Huawei jointly facilitate digital payments journey for financial services players
- Date: 11-Dec-2023
- Source: Zawya
- Sector:Technology
- Country:UAE
Network International and Huawei jointly facilitate digital payments journey for financial services players
UAE: Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, and Huawei, a leading global provider of ICT infrastructure and smart devices, have come together to provide end-to-end card processing and managed payment services for a financial services customer. Network will support customers in the market by providing omni-channel digital payment offerings, including card issuing and acquirer processing services, transaction switching capabilities, as well as value-added services.
As the region’s largest payment solutions company, Network will facilitate the transition of institution, fintech and mobile financial services players to a digital-first approach, generating faster payments and adding convenience for customers.
Network’s card processing solutions in tandem with Huawei’s technology has enhanced the ability of a new payments player that has entered the payments market to explore and capitalise on new revenue-generating avenues, including value-added services like cardholder self-service, control applications, and loyalty services. Network also has a comprehensive bouquet of payment services including virtual cards, tokenisation, and world-class fraud prevention, among other solutions.
Commenting on the collaboration, Nandan Mer, Group Chief Executive Officer at Network International, said: “We are thrilled to collaborate with Huawei as we jointly strive to offer customers secure, effortless, and memorable digital