Six months after Network International announced a R500 million investment in its locally hosted, integrated payment platform, the company confirms it has already achieved significant milestones.
“These integrations significantly increase the range of services clients can offer, including a Card Management System to issue cards, as well as acquirer processing that enables a broad range of merchant services, whether delivered online or in-store”, says Nandan Mer – Group CEO of Network International.
A representative from Network International South Africa, shared that Network International has partnered with Vodacom to enable virtual cards and merchant acquirer processing services in South Africa for its VodaPay service.Africa’s electronic payments market will grow by 152% from 2020 to 2025. Ricci says South African businesses are looking to tap into the growth opportunity, but are also looking for a local partner who can optimise their investment efforts.
The robust and agile local Network One platform is currently processing upwards of 3,000 transactions per second and the locally-based team is able to deliver change support 50% faster than any previous remote support. As part of its move to support its South African growth trajectory, Network is investing heavily in local skills.ITNewsAfrica.com is an African Technology Advisory Ltd. publication.