Renewed processing agreement with Orabank

RNS Number : 2431Q

Network International Holdings PLC

17 October 2019

 

Orabank declares Network International key partner to establishing digital banking leadership

Network International and Orabank renew processing agreement

Dubai, UAE, 17 October 2019: Network International, the leading enabler of digital commerce across Africa and the Middle East, has strengthened its long-standing agreement with Togo-headquartered Orabank, one of the leading banks in West and Central Africa.

The company's relationship with Orabank began in 2013 when the bank took the strategic decision to outsource its issuer processing business to Network International. Network currently offers the bank a full suite of payment processing and acquirer processing solutions in 12 countries across Africa.

Strengthening their ongoing relationship, Orabank has signed Network International as a key partner for an additional seven year period as it embarks on an ambitious programme to lead digital banking innovation in West and Central Africa. Network International's managed services digital banking solution will enable the bank to offer customers frictionless, 24/7 banking solutions via a best-in-class digital omni-channel platform.

Network International has been at the forefront of driving digital payments acceptance in Africa, offering end-to-end payment solutions to a growing customer base in more than 40 countries.

Simon Haslam, CEO of Network International, said, "We are pleased to expand our relationship with Orabank, one of our anchor clients in Africa, as we continue to support their growth and ambitions in the region. Network shares Orabank's commitment to powering digital commerce and financial inclusion across Africa and we are excited for what the future holds for both of us in this dynamic market. With attractive demographics and a growing addressable market for digital payments, Africa is a key growth accelerator for Network and we look forward to continuing to support like-minded banks and merchants seeking new ways to serve their customers."

Ferdinand NGON KEMOUM, CEO of Oragroup SA, said, "This mutually beneficial partnership will continue with more successful years ahead, in the framework of a rather rapidly growing market. Our clients demand convenient, affordable and secure payments tools and Network International enable us to offer them services covering debit and prepaid cards issuing, ATM, point of sale and e-commerce acquiring all with a new digital experience with our omnichannel KEAZ platform."

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About Network International

Network International comprises a group of companies and is the leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services.

Network International Holdings Plc is the holding company for Network International and the group companies.

Network International:

Tricia Kaul,

ASDA'A BCW,

Dubai, UAE,

Tel: [phone]

Email: [e-mail]

About Oragroup

Through its Orabank brand, Oragroup is present in 12 countries in West and Central Africa (Benin, Burkina Faso, Chad, Gabon, Guinea, Guinea Bissau, Ivory Coast, Mali, Mauritania, Niger, Senegal, and Togo) and four monetary zones (UEMOA, CEMAC, Guinea, and Mauritania). With 152 branches and 1,857 employees, Oragroup offers a wide range of banking products and service to its 430,000 customers (large companies, national and international companies, SMEs, and individuals) in line with its principles of proximity and responsiveness.

Oragroup also focuses on populations who have little to no access to banking services, working toward financial inclusion through the use of innovative solutions. This commitment is reflected in its approach to CSR, an integral part of its strategy and a priority for its governing bodies, which is focused on energy transition, environmental and social risk management, and the well-being of the public and its employees.

For more information, please visit www.orabank.net or follow us on LinkedIn, @GroupeOrabank on Twitter, Facebook, Instagram and You Tube.

Press contacts

Oragroup - Director of Communication

Delphine Ndiaye

[phone] / [phone]

[e-mail]

 

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