Network International Teams up With West Africa Payment Scheme to Boost Regional Economic Inclusion

Network International, the payment solutions provider in the Middle East and Africa, is partnering with GIM-UEMOA, the regional payment scheme in West Africa, to enhance financial inclusion across the eight member countries of the West African Economic and Monetary Union (WAEMU).

Through the partnership, GIM-UEMOA, which promotes electronic payments across the banking, financial and public administration sectors in West Africa, aims to enhance its value proposition for its affiliated member banks, enabling them to better serve their end customers with new digital payment solutions.

The partnership aims to help deliver digital payment solutions under the GIM-Pay framework, by leveraging the strengths of Network International. This initiative aims to benefit the population of the UEMOA region by providing secure, and accessible payment systems that meet the growing demands of businesses and consumers alike.

“Partnering with GIM-UEMOA represents a significant milestone for Network International,” said Dr Reda Helal, managing director and co-head of processing, Africa, at Network International. “Together, we aim to harness our combined expertise to empower the UEMOA region with state-of-the-art payment solutions that drive economic inclusion and prosperity.”

Through the new partnership, Network International and GIM-UEMOA have reaffirmed a shared commitment to innovation and collaboration in West Africa’s financial technology space. This partnership also hopes to significantly underscore the importance of alliances in addressing the diverse financial and economic needs of the UEMOA region.

Minayegnan Coulibaly, managing director of GIM-UEMOA, added: “This collaboration with Network International allows for the pooling of infrastructure and solutions to bring cutting-edge digital payment solutions to the West African banking sector. We look forward to the benefits that will be realised for financial services entities throughout the region.”