Network International’s digital payment solution to power new Money Fellows offering in Egypt – Africa.com
International Network (Network) (networkae), a leading enabler of digital commerce in the Middle East and Africa, has partnered with leading money circle app Money Fellows to launch a new solution that will leverage its best-in-class payments capabilities.
Under the partnership, Network will provide Money Fellows with its “digital payments as a service” platform and value-added services, including advanced fraud prevention, fully secure payment capabilities and a full suite of back-office management services. The platform will enable Money Fellows to enhance the application’s versatility and user experience. Network will leverage its pan-regional experience to support Money Fellows’ expansion across the Middle East and Africa.
Dr. Reda Helal, Group Managing Director, Africa Processing and Co-Head of Group Processing, Network International said: “We are delighted to partner with Money Fellows to enhance their market offerings and competitiveness, while supporting the company’s expansion into new markets in the Middle East and Africa. This partnership marks a major milestone for the country’s fintech industry, which It is currently experiencing rapid growth, in line with Egypt’s National Vision 2030 plan.”
Ahmed Wadi, CEO and Co-Founder, Money Fellows” said: “We are delighted to partner with Network International to achieve this important milestone for our company. We take this step with confidence because we know Network International has the right partner to ensure the payment features and security our users deserve. This launch marks a key moment in our journey, solidifying our leadership position in the market and laying the foundation for our regional expansion. “
Distributed by APO Group on behalf of Network International.
Corporate Communications:
international network
Dubai, United Arab Emirates
Phone: +971 4 303 2431
e-mail: lambert.espedido@network.global
Atlay Chowdhury:
Boyaa; Dubai, United Arab Emirates
Tel: 971-4-4507600
e-mail: atrayee.choudhury@burson-global.com
About Network International:
Network International is the largest and leading digital payments company in the Middle East and Africa. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in more than 50 countries, serving governments, banks, fintech, merchants and public sector companies. We have more than 2,000 employees in the marketplace, serving more than 250 financial institutions and more than 130,000 merchants.
About Money Researcher:
Since operating in 2018, Money Fellows has attracted more than 7 million users with its innovative approach that streamlines traditional processes and promotes users’ financial well-being through simple, flexible and secure Money Circles. From the outset, the company’s mission has been aligned with the government’s strategy to increase financial literacy and inclusion and is the first of its kind to operate under the regulatory sandbox of the Central Bank of Egypt.
Money Fellows’ impressive approach to growth and innovation has inspired significant trust and confidence from investors, allowing the company to secure a total of $45 million in investments to date.
