Network International Partners with Absa Bank to Power Digital Payments in Africa
Network International, a prominent provider of digital commerce solutions across the Middle East and Africa, has solidified its presence in the African market by partnering with Absa Business Banking. Absa, a leading business bank in Africa, has selected Network International as its strategic technology partner to facilitate digital payments. This collaboration will see Network International providing Absa Business Banking with a comprehensive suite of payment processing services, all delivered through a single, unified platform and a fully outsourced, managed services approach.
Payments as a Service (PaaS) Drives Digital Transformation in Africa
This new partnership between Network International and Absa Bank highlights the increasing adoption of “Payments as a Service” (PaaS) in the African financial landscape. The rise of PaaS is directly correlated with Africa’s rapidly expanding cloud adoption, a trend mirroring the continent’s significant growth in smartphone usage. Analysts have observed a surge in cloud technology adoption across Africa, with levels approaching those seen in established markets like North America and China. This strategic alliance positions both fintech companies and traditional financial institutions to accelerate digital innovation and improve financial services.
Keywords
Related Keywords: Network International, Absa Bank, payment solutions, portfolio expansion, financial services, Africa, partnerships, digital payments, acquiring solutions, Absa, Network International expansion
