ALEXBANK enters payment partnership with Network International
By Delisha Fernandes
Network International, an enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its strategic partnership with one of Egypt’s leading private sector banks, ALEXBANK, to provide payment processing solutions to support the bank’s digital transition.
The agreement with Network International complements ALEXBANK’s focus on providing customers with unique banking experiences, befitting the digital age. Amidst significant shifts in consumer payments across North Africa, Network enables the bank to provide digital payment solutions in Egypt, including a variety of payment instruments and acceptance channels and leading-edge e-commerce solutions.
Reda Helal, Group Managing Director – Processing, Africa at Network International, said, “We are delighted to take our long-standing relationship with ALEXBANK to the next level and help accelerate the digital growth of one of the largest financial institutions in Egypt. This renewed trust marks a major turning point for our processing business in Egypt given ALEXBANK’s influence on the banking landscape. We welcome this opportunity to showcase our innovativeness, and our ability to exceed the expectations of our customers.”
ALEXBANK will continue leveraging the Network’s expertise in end-to-end payment solutions for the Egyptian market by accessing a sophisticated digital platform that includes Network’s API gateway. The platform is based on an adaptive microservices architecture capable of supporting seamless integrations and robust security protocols, without having to invest in a proprietary payment processing infrastructure.
This agreement with ALEXBANK involves multiple product lines enabling the bank to offer superior payment solutions and enhanced customer experiences.
IBSi Daily News Analysis
November 29, 2023
APAC Deepfake incidents surge as global fraud landscape evolvesRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage