FTSE-listed tech firm Network International (NI) today announce that it has been appointed as a digital payments technology partner to Vodacom Financial and Digital Lifestyle Services. This means it will provide a fully managed service offering.
The NI omni-channel digital payment capabilities will allow card holders to pay anywhere in multiple ways, while enjoying seamless and secure payments, with end-to-end tokenization.
The deal sees NI providing managed services card issuing, and acquirer processing services transaction switching capabilities, as well as other value added services and related back-office support functions.
The solution will mean merchants can offer a range of payment devices and allow them to take payments in all transaction modes laying the groundwork for a full omni-channel experience.
“Vodacom Financial and Digital Lifestyle Services is successfully providing financial services to a significant portion of previously underbanked customers, transforming lives and communities across the continent,” says Carlo Ricci, Co-Regional Managing Director Southern Africa at Network International.
“This aligns with NI’s vision of enabling commerce in the world’s most underpenetrated payments market. This partnership also highlights the experience and capabilities that NI has in not only serving traditional retail banks across the continent, but also our ability to support MNOs and fintechs of all sizes on their digital payments journeys,” added Richards Kadiaka, Co-Regional Managing Director Southern Africa at Network International.
Network International continues to invest in the local and African markets. In February this year, Network International announced it had launched its state-of-the-art AWS cloud-based, integrated payment suite that will be hosted and operated in South Africa.
“NI is well-positioned to offer innovative solutions and services to its clients. We are committed to continue investing in local resources and capabilities in South Africa to ensure that we are agile in offering and delivering the best to our clients. Our Payment as a Service offering gives African banks, telcos and retailers the confidence to radically transform their operations and, through this, their products and services, ensuring they remain competitive and sustainable,” says Dr. Reda Helal, Group MD, Processing Business – Africa.
