UAE’s Network International (Network) has debuted its new ‘direct-to-merchant’ service offering in Egypt under the company’s new networkpay brand to promote financial inclusion and digital payment penetration in the North African country.
The networkpay service simplifies payments for merchants, enabling them to accept electronic payments through different channels including both physical and digital, providing a fast, secure and convenient way to make transactions.
The new payment solution includes a full suite of services including POS, e-commerce and softPOS, and provides additional services like equal payment plans with banks, and loyalty programmes with Fintechs including ZEAL and ValU.
The service designed to make payments faster and easier for SMEs also offers a high level of security, with robust encryption and authentication protocols, ensuring it is safe and reliable for users.
The new service offering is designed to be user-friendly and intuitive, with simple onboarding and payment processes as part of the company’s broader strategy to provide innovative payment services to a wide range of users including the unbanked.
“With attractive demographics and a growing addressable market for digital payments, Egypt is a key growth accelerator for Network. We endeavour to tap into the growth opportunity the country presents, whilst supporting the Central Bank of Egypt’s strategy towards turning into a cashless economy and Egypt Vision 2030,” said Andrew Key, group managing Director – acquiring at Network International.
networkpay offers users a range of new features and functionalities that further enhance the payment experience as part of the company’s commitment to delivering innovative and advanced services, with a focus on delivering new and enhanced features to the payment service.
