ALEXBANK signs with Network International to accelerate digital transformation

Egypt 9th November 2023:

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its strategic partnership with one of Egypt’s most renowned private sector banks, ALEXBANK, to provide a fully-fledged payment processing solution to support the bank’s digital transition.

The agreement with Network International complements ALEXBANK’s focus on providing customers with unique banking experiences befitting the digital age. Amidst significant shifts in consumer payments across North Africa, Network enables the bank to provide digital payment solutions in Egypt including a variety of payment instruments and acceptance channels and leading-edge e-commerce solutions.

ALEXBANK will continue leveraging Network’s proven expertise in end-to-end payment solutions for the Egyptian market by accessing a sophisticated digital platform which includes Network’s API gateway. The platform is based on an adaptive microservices architecture capable of supporting seamless integrations and robust security protocols, without having to invest in a proprietary payment processing infrastructure.

Dr. Reda Helal, Group Managing Director – Processing, Africa at Network International, commented, “We are delighted to take our long-standing relationship with ALEXBANK to the next level and help accelerate the digital growth of one of the largest financial institutions in Egypt. This renewed trust marks a major turning point for our processing business in Egypt given ALEXBANK’s influence on the banking landscape. We welcome this opportunity to showcase our innovativeness, and our ability to exceed the expectations of our customers.”

This agreement with ALEXBANK involves multiple product lines enabling the bank to offer superior payment solutions and enhanced customer experiences.