Polaris Bank and Network International Partner to deepen financial inclusion and digital transformation
In order to further financial inclusion and digital transformation, Polaris Bank Limited, one of Nigeria’s largest financial service providers, has renewed its partnership with Network International (Network) (https://www.Network.ae), the region’s leading enabler of digital commerce throughout the Middle East and Africa (MEA). In order to support the Bank’s objective of providing self-service/digital channels that bring banking services closer to its current clients and prospects, the cooperation is built on the supply of payments processing solutions and API gateway services.
The partnership with Network enables Polaris Bank to offer inexpensive digital solutions on a secure platform, streamlining customer onboarding and acquisition processes. The strategic partnership deal encompasses a number of product lines that will significantly affect the revenue generated by cards and other digital payment methods. It also promotes financial inclusion and enables the Bank to provide its customers with high-end payment solutions.
Polaris Bank will profit from Network’s years of experience and expertise in comprehensive payment solutions for the African market. Network will also provide Polaris Bank with a future-ready micro-services architecture that enables seamless integration to any number of advanced implementations, ensuring the maximum potential for innovative revenue streams for the ensuing ten years.
Strategic Capital Investment Limited (SCIL) owns 100 percent of the Nigerian private limited liability company Polaris Bank Limited. Its presence in Nigeria is represented by more than 224 branches and cash centers, as well as a strong digital banking infrastructure that is driven by the acclaimed VULTe digital technologies. In order to better serve both consumers and businesses, Polaris Bank is reinventing banking products and services. At the BusinessDay Banks and other Financial Institutions (BAFI) Awards in Nigeria in 2021 and 2022, the Bank was named Digital Bank of the Year.
Polaris Bank’s Managing Director and CEO, Mr. Adekunle Sonola, commented on the Partnership in the following manner: “Polaris Bank is focused on retail banking expansion and will realize its goals with a dependable and trustworthy partner like Network International.
Our top aim is to provide outstanding customer service across all digital platforms, and we can only do this with the help of partners that share the Bank’s vision and objectives. Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, responded to the engagement between the two Institutions by saying: “We are equally thrilled to extend our association with Polaris Bank.
Network International is in a good position to provide clients with cutting-edge goods and services, and this collaboration has been designed to last. In order to be flexible in providing and delivering the best to our consumers, we are committed to investing in local resources.
