Network International renews partnership with Nigeria’s Polaris Bank driving financial inclusion

Network International renews partnership with Nigeria’s Polaris Bank driving financial inclusionNetwork International, an enabler of digital commerce across Middle East and Africa region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank to deepen financial inclusion and digital transformation.

The partnership is anchored on the provision of payments processing solutions and API gateway services which supports the Bank’s goal of offering self-service, digital channels that bring banking services closer to its current customers and prospects.

The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless. The strategic partnership agreement covers multiple product lines that will have a major impact on business generated by cards and other modes of digital payment, while also enabling financial inclusion and allowing the Bank to offer premium payment solutions to its customers.

Polaris Bank will benefit from Network’s years of experience and expertise in comprehensive payment solutions for the African market, empowering the Bank with a future-ready micro-services architecture that allows for seamless integration to any number of advanced implementations, ensuring the maximum potential for creative revenue streams for the next decade.

Polaris Bank has a footprint of over 224 branches and cash centers across Nigeria and a robust Digital Banking platform powered by the award-winning VULTe digital solutions. Polaris Bank is redefining banking products and services that meet the needs of individuals and businesses.

Speaking on the partnership, Adekunle Sonola, Managing Director, CEO of Polaris Bank, said: “Polaris Bank is geared towards growth in retail banking, and will achieve its aspirations with a trusted and reliable partner like Network International.”

In his own reaction on the collaboration between the two Institutions, Dr Reda Helal, Group Managing Director Processing, Africa and Co-Head Group Processing at Network International, commented: “We are equally excited to renew our partnership with Polaris Bank.”