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Lupiya Collaborates with Network International to Launch their Card Product
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Zambian fintech and neobank, Lupiya, has appointed Network, the leading enabler of digital commerce across Africa and the Middle East, as their digital payments technology partner to launch a new debit card.
The solution includes the launch of a debit card that is e-commerce enabled, together with 3D Secure and tokenization.
This will help diversify Lupiya’s value proposition to include not only simplified lending but also digital payments to its existing and growing new customer base.
Lupiya Partners With Network International To Enhance Digital Payments To Zambians
The collaboration will serve about a third of Zambia’s population that remains financially excluded. Although the levels of financial inclusion have improved in the last decade, there are other issues including a gender finance gap.
Concerning the partnership, Dr Reda Helal, Managing Director & Co-Head of Processing – Africa, Network International, expressed his optimism.
He said, “Network’s partnership with Lupiya, our newest fintech customer in Zambia, underscores our ability to enable digital financial service providers in all consumer segments and verticals.”
“It further solidifies our ambition to expand our client portfolio, encompassing diverse financial institutions across the region.”
According to Network, the partnership will also allow Lupiya to diversify its value proposition to include not only easier lending, but also digital payments to its existing and growing new customer base.
Also Read: Network International, Dubai-based Payment Services Provider, Launches Network One in Nigeria
Network Partnership Improves Financial Inclusion In Africa
This is the latest Network digital payments partnership on the continent, and the business contends it is helping the continent improve its financial inclusion initiatives.
The Dubai-based Network has signed agreements in Rwanda, Kenya, and Egypt, and most recently expanded into Francophone Africa with an arrangement with Orabank to support its digital transformation in Central and West Africa.
Dr Helal further said, “This new partnership marks a significant milestone for our company in Zambia and opens new avenues for growth and innovation. The growing adoption of cloud technologies has perfectly primed both fintech and traditional financial institutions to turbocharge digital innovation.”
“Working with managed service providers, like ourselves, allows both old and new institutions to quickly and simply deliver new products and services to an increasingly digitally savvy customer.”
Muchu Kaingu, CEO of Lupiya Pay, sees the relationship with Network International as a big step forward in providing secure, accessible, and innovative digital banking solutions.
He says: “By launching an e-commerce-enabled debit card with 3D Secure and tokenization, we are empowering individuals and businesses to participate in the digital economy more effectively.”
He finally added, “This collaboration is a testament to our commitment to delivering cutting-edge technology that enhances convenience and security for our customers while driving economic growth and financial independence across the continent.”
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