Yesterday, it was announced that Network International will supply goods and services to I&M Payment, the oldest bank in Rwanda. The partners announced the alliance to support the bank’s efforts to enhance the nation’s financial inclusion plan by offering cutting-edge digital payment options.
I&M Bank of Rwanda Collaborates with Network International to Restructure Payments
Along with value-added services like card fraud protection, 3D secure authentication, and card administration, the services include hosting and processing credit and prepaid cards.
Founded in 1963, I&M Bank offers a comprehensive array of banking options for individuals, businesses, institutions, and corporations at many locations. Since March 2017, the bank has been listed on the Rwandan Stock Exchange.
The Bank is also a division of I&M Group PLC, an Eastern African regional provider of financial services, which also operates a joint venture in Mauritius and operates in Kenya, Tanzania, and Uganda.
Digital Payments Corporation Based in the Middle East and Africa
Network International is a digital payments corporation based in the Middle East and Africa that provides services to over 50 nations’ governments, banks, fintechs, merchants, and public sector organizations.
Serving more than 200 financial institutions and 150,000 merchants, the firm employs over 2,000 digital payments specialists in various regions.
“We welcome the opportunity to support I&M Bank’s passion for providing best-in-class digital customer experiences by enabling innovation and enhanced operational efficiency, as well as broaden our contributions to the success of Rwanda’s financial inclusion strategy,” said Dr. Reda Helal, group MD: processing, Africa and co-head group processing at Network International.
“Our partnership with Network International marks a significant milestone in our efforts to expand our capabilities and elevate our services in a rapidly evolving digital environment,” stated Benjamin Mutimura, CEO of I&M Bank.
It furthers our goal of making it easier for more people to participate in the established financial system.
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