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.
In a statement, it
noted that 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.
It explained that 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,” it stated.
According to the
statement, Polaris Bank will also 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.
Commenting on the partnership,
the Managing Director /CEO of Polaris Bank, Adekunle Sonola revealed that
“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.”
Group
Managing Director – Processing, Africa & Co-Head Group Processing at
Network International,
Dr. Reda Helal said “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.”
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.
