The collaboration will provide a comprehensive digital wallet solution created to increase customer centricity.
Dubai: An agreement has been signed between Foo, an award-winning provider of B2B SaaS solutions provider, and Network International, the leading facilitator of digital eCommerce across the Middle East and Africa (MEA).
The Purpose of The Agreement
The two businesses will speed up the conversion of established financial institutions into cutting-edge and adaptable players through an out-of-the-box digital wallet platform by fusing their technology and expertise.
The digital wallet platform will be made available to Network International’s issuer clients, which include banks and other financial organisations, assisting them in adjusting to the market and satisfying consumer demand for seamless, secure, and practical digital solutions. The white-label platform can be customised to meet distinct and particular business requirements thanks to various adaptable, simple-to-integrate modules like digital onboarding, stored value accounts, virtual card issuance, and remittances.
What Will Foo and Network International offer?
FOO will provide the platform’s technology through its portfolio of financial microservices, created in-house using a modular “plug and play” design. FOO’s hyper-personalised products are made with the customer at the centre of its strategy to bring banking and financial services into the digital-first world while enjoying a speedy time to market.
Based on its connections with local banks, Network International, which has an unrivalled regional footprint and serves over 200 financial institutions, will provide the schema support.
According to Ghady Rayess, Managing Partner at FOO, by joining forces with Network International, they will increase their market share in the Middle East and facilitate their entry into the more varied markets of Africa. They agree on their vision to hasten the adoption of customer-centric digital solutions in the area and are eager to get started.
According to Network International’s Managing Director and Co-Head of Processing for the Middle East, Navneet Dave, their business strategy is to leverage the power of strategic partnerships to help their clients digitise their payment infrastructures. They’re thrilled to be able to use FOO’s special abilities in quick and customisable fintech solutions to enhance their own offerings and speed up innovation.
FOO is a B2B SAAS solution provider with a strong reputation, headquartered in the UAE, and a focus on empowering businesses through digital transformation. FOO has over 13 years of experience offering cutting-edge fintech solutions that are entirely house-built, optimise digital capabilities for clients across various industries, and allow them to provide an unmatched user experience.
About Network International
The Middle East and Africa (MEA) region’s leading digital commerce enabler, Network International, is a group of businesses that offers a full range of technology-enabled payment solutions to companies and financial institutions of all shapes and sizes. These solutions include acquiring and processing services and a wide array of value-added services that are constantly expanding.
Network International and the group companies, which include the DPO Group, are held by Network International Holdings Plc (LSE: NETW).