Network International & Huawei team to facilitate digital payments
By Delisha Fernandes
Network International has announced its partnership with Huawei to provide end-to-end card processing and managed payment services for a financial services customer.
With this partnership, Network will support customers in the market by providing omni-channel digital payment offerings, including card issuing and acquirer processing services, transaction switching capabilities, as well as value-added services.
In addition, Network will facilitate the overall transition of institution, FinTech, and mobile financial services players to a secure digital-first approach. This is expected to generate faster payments and add convenience to users.
Nandan Mer, Group Chief Executive Officer at Network International, said, “We are thrilled to collaborate with Huawei as we jointly strive to offer customers secure, effortless, and memorable digital payment solutions and experiences. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients in the region.”
Network International’s card processing solutions will be combined with Huawei’s technology to optimise the ability of a new payments player that entered the market in order to explore new revenue-generating avenues, such as control applications, loyalty tools, as well as cardholder self-service. Network will also deliver customers additional features, such as virtual cards, fraud prevention products, tokenisation, and others.
Navneet Dave, Managing Director & Co-Head of Processing – Middle East, Network International, said, “As a leading digital payments company in the region, we are delighted to be selected as the partner of choice by a leading technology company such as Huawei. The last three years have witnessed a dramatic shift in consumer attitudes towards digital payments, leading to a higher demand and expectation for seamless digital interactions.”
Huawei provides all-in-one service offerings, based on HMS Core device and cloud capabilities, facilitating digital players in retail banking, digital wallet, and wealth management app development in the finance industry, characterised by an enhanced user experience and improved operations efficiency.
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