FOO And Network International Partnerships Modernize MEA Incumbents
FOO, a developer of B2B SaaS solutions, has inked a partnership with Network International, an accelerator of digital commerce in the Middle East and Africa (MEA), to expedite the transition of incumbent financial institutions into creative and agile companies through a digital wallet platform.
The digital wallet platform will be made available to Network International’s issuer customers, such as banks and other financial institutions, in order to assist them in adapting to the market and meeting consumer aspirations for seamless, secure, and easy digital solutions.
The white-label platform is designed to satisfy the unique and particular business needs of each client by offering a variety of flexible and simple-to-integrate modules, such as digital onboarding, stored value accounts, virtual card issuance, and remittances.
FOO will provide the platform’s underlying technology via its portfolio of financial microservices, which were developed in-house utilising a ‘plug-and-play’ architecture. With customer-centricity at the centre of its business strategy, FOO’s hyper-personalized solutions bring banking and financial services into the digital-first era, with the additional advantage of a very quick time-to-market.
Network International will provide schema assistance based on its contacts with local banks and its unmatched regional reach, which serves over 200 financial institutions. Network International will use its vastly broad network and knowledge to implement the digital wallet platform.
Ghady Rayess, managing partner at FOO, says, “By partnering with Network International, we will strengthen our presence throughout the Middle East and aid our transition into the more diverse markets of Africa.” We see eye-to-eye on our vision to accelerate the adoption of customer-centric digital solutions in the region, and subsequently look forward to hitting the ground running.”
Navneet Dave, Network International’s managing director and co-head of processing for the Middle East, said, “Our business strategy is to harness the power of strategic partnerships that will support our clients in digitizing their payment infrastructures. Furthermore, it is thrilling to be able to leverage FOO’s unique capabilities in fast and configurable fintech solutions to further enrich our own offerings and accelerate innovation.”
