Network International has teamed up with money circles app Money Fellows to deliver enhanced digital payment solutions across the Middle East and Africa.
This collaboration leverages Network International’s ‘Digital Payments as a Service’ platform, offering value-added services such as fraud prevention and secure payment functionality.
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It is said to enhance Money Fellows’ app user experience, with Network International also providing a full suite of back office managed services.
Network International Africa Processing MD & group processing co-head Reda Helal said: “We are pleased to partner with Money Fellows to enhance their market offerings and competitiveness, while supporting the company’s expansion into new markets in the Middle East and Africa.
“This collaboration signifies a major milestone in the fintech sector in the country that is currently experiencing rapid growth, aligning with the Egypt National Vision 2030 plan.”
Money Fellows CEO and co-founder Ahmed Wadi said: “We are thrilled to collaborate with Network International on this significant milestone for our company. We are taking this step with confidence, knowing we have the right partner in Network International to ensure the payment functionality and security that our users deserve. This launch marks a pivotal moment in our journey, reinforcing our leadership position in the market and setting the stage for our regional expansion.”
In November last year, Network signed a memorandum of understanding (MoU) with Jordan-based payment services provider Gate To Pay.
The agreement, inked at the MENA ICT event, seeks to accelerate Jordan’s digital transformation by offering secure digital payment services.
