UAE’s Network International (Network) has signed a 10-year contract with one of Egypt’s largest private sector banks, QNB AlAHLI to provide payments processing solutions and API gateway services, according to its statement on Sunday.
The statement added this step aims to support the bank’s long-term digital and commercial transformation agenda, and enhance its services to customers and increase its presence in the Egyptian market.
Under the collaboration, QNB AlAHLI will benefit from Network’s advanced digital infrastructure and robust security protocols, avoiding the need to invest in payment processing infrastructure.
QNB AlAHLI is trusting the rapid growth in electronic payments through Network’s digital transformation and e-commerce platforms for its proven efficiency in this area, its CEO Mohamed Badir said.
Form his side Reza Hilal, managing director of Network International Africa, said that collaboration with QNB reflects the interconnectedness of the relationship and supports the provided path towards commercial digital transformation.