Network International (Network), the leading enabler of
digital commerce across the Middle East and Africa (MEA) region, has
renewed its partnership with one of Nigeria’s largest financial service
providers, Polaris Bank Limited, 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 Limited is a Nigerian Private Limited
Liability Company wholly owned by Strategic Capital Investment Limited
(SCIL). It 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. The Bank was adjudged Digital Bank of the Year in 2021 and
2022 in Nigeria at the BusinessDay Banks and other Financial
Institutions (BAFI) Awards.
Speaking on the Partnership, Mr. 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. Providing
excellent customer services is a top priority for us across all digital
platforms, and this will only be possible with the support from partners
that share the same vision and goals as the Bank.”
In his own reaction on the collaboration between the two
Institutions, Dr. Reda Helal, Group Managing Director – Processing,
Africa & Co-Head Group Processing at Network International,
commented: “We are equally excited to renew our partnership with Polaris
Bank. Network International is well-positioned to offer innovative
products and services to our clients, and this is a partnership that has
been built to last. We are committed to investing in local resources to
ensure that we are agile in offering and delivering the best to our
customers.”
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