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Network International Partners with Absa Bank to Provide End-to-end Payment Processing Capabilities
Network International, a top company in digital payments in the Middle East and Africa, has joined hands with Absa Business Banking, one of the biggest business banks in Africa. This Network International partnership with Absa Bank will provide end-to-end payment processing capabilities through a single easy-to-use platform and managed services. The goal is to help businesses make payments faster, safer, and simpler.
Africa is quickly adopting cloud technology, much like the way smartphones became popular across the continent. Experts say cloud use in Africa is growing fast and starting to match the levels seen in places like North America and China. Because of this, now is the perfect time for the Network International partnership with Absa Bank to bring new digital payment solutions to the market. Richard Kadiaka, Regional Managing Director for Southern Africa at Network International, said this partnership is an important step for the company. He explained that cloud technology makes it easier for banks and fintech companies to offer new and better products to customers who increasingly want to do business digitally.
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A key part of this partnership is improving how fleet and commercial cards are managed. Many companies that run vehicle fleets face fuel card fraud, which can cause big losses over time. Also, with connected vehicles and new payment technology, there is a need for safe and innovative ways for people to control their cards. Through this partnership, Absa will get help from Network International to offer better services like managing fleet cards and prepaid commercial cards, processing transactions quickly, connecting directly to Absa’s banking systems, and also adding features like digital wallets and card tokenisation. Businesses will also be able to use an online platform to manage expenses and cards by themselves.
Banie Claasen, Managing Executive for Lending Products at Absa Business Banking, said Absa is the “Bank of the Entrepreneur” and wants to give customers smart and safe payment options that fit their needs. She said that working with Network International’s advanced technology will give businesses more control, better security, clear information, and easier payments. This partnership shows Absa’s strong focus on innovation and putting customers first.
Looking at the bigger picture, Africa’s financial services are changing fast. A report by McKinsey says financial services in Africa could grow by about 10 percent every year, reaching $230 billion in revenue by 2025. This growth means more businesses will want safe payment options they can use through many channels. Network International partners with Absa Bank to support this change by offering full payment processing capabilities that are simple, safe, and reliable.
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Network International is known for supporting banks, governments, fintechs, telcos, merchants, and public sector companies in over 50 countries. With over 3,000 employees, the company serves more than 250 financial institutions and 240,000 merchants. Absa Group Limited is one of Africa’s largest financial groups, offering personal and business banking, corporate and investment banking, as well as wealth management and insurance services. Absa has branches in many African countries and offices in places like China, the United States, and the United Kingdom.
The Network International partnership with Absa Bank will help bring better payment services to Africa. By providing end-to-end payment processing capabilities, this deal will make business payments easier, safer, and faster all across the continent. It’s a clear sign that digital payments are becoming a key part of how Africa’s economy grows and connects in the future.
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