WEMA Bank Plc., one of Nigeria's oldest financial institutions, has renewed and
expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa
and the Middle East.
Building on their long-term relationship, Network International will be
helping WEMA Bank increase its card issuing capacity as well as support its
ATM processing capabilities in Africa.
The agreement underlines the two companies' shared commitment to further the
adoption of digital payments and support emerging markets' transition to a
WEMA Bank prides itself on the deep connection it shares with its customers,
to understand their needs and meet them consistently. This collaboration will
provide the bank access to Network International's advanced digital
infrastructure, allowing it to better meet its customers' payment and card
needs in Africa. Network has been at the forefront of driving digital
payments acceptance across Africa and the Middle East, offering end-to-end
payment solutions to a growing client base in over 50 countries.
Damola Bolodeoku, Head,
e-Business & Payments, WEMA Bank, said: "Network
International has been a partner of Wema Bank for some time for processing,
card portfolio management and acquirer processing, and we have enjoyed the
professionalism of the organization as well as its adherence to international
standards and specifications. Network-processed Mastercard cards are issued
and delivered at no cost through Alat (by Wema), Africa's first digital bank,
and that partnership has blossomed over the last 48 months with well over
500,000 cards issued through Network's support."
Hany Fekry, Regional
President - Northern and Sub-Saharan Africa, said "Network
International already enjoys a long-term, successful relationship with WEMA
Bank, having helped the bank deliver many innovative products to their
customers over the years. The expansion of our agreement is also a testament
to the confidence the bank has in our best-in class solutions and technical
expertise. We are delighted to strengthen our alliance with WEMA Bank, with
the common goal of achieving increased digital adoption and improved customer
experience in the African market."