UAE based Network International digital commerce and payments provider has teamed up with TerraPay, a global payments infrastructure company to develop and deliver a first-of-its-kind payment solution on an interoperable platform. Under the MOU, TerraPay and Network international will provie African market with mobile wallets that can transact with Network International terminals and ecommerce platforms in the UAE.
Speaking on the partnership, Ani Sane, Co-founder and Chief Business Officer, TerraPay, commented, “We are excited about our upcoming association with Network International, in driving mobile wallet acceptance and consumption across multi-channels on Network International’s terminals and e-commerce sites in the UAE. This paves the way to foster financial inclusion and independence for customers, by offering real-time mobile wallet payments, for the very first time in the UAE. Opening up interoperability for mobile wallets is the next big wave in digital payments across the world. We look forward to leveraging our mobile wallet payment rails, with Network International’s deeply rooted and extensive merchant network in the region.”
“With the rising digital payments movement across businesses and their consumers, our association with Network International further drives this transformation to cashless societies. As the UAE’s largest acquirer, Network International has a large and established network of point-of-sale devices across the country, in addition to a wide scale of medium and large merchant clients in both physical and digital space. This is an opportunity to connect the company’s digital prowess and on ground reach and offer end consumers their choice of money payment channel,” said Rizwan Qazi, Vice President – Payments Partnership and Special Projects, TerraPay.
Nandan Mer, Group CEO, Network International, said, “Mobile wallets are increasingly gaining popularity as a preferred payment method across the world, and as a market leader in end-to-end payment solutions, we are delighted to collaborate with TerraPay to enable acceptance of mobile wallets across our merchant network in the UAE. We believe this will help us build a digitally connected payments ecosystem in the region, starting with the UAE. TerraPay’s unique technology platform, with interoperability at its core, backed by our strong merchant network, can facilitate easy and quick adoption of mobile wallets across the region, serving consumers seeking secure contactless payments options.”
TerraPay’s collaboration with Network International will play a key role in building sustainable and scalable interoperable payment options to cater to their partners’ and customers’ payment requirements, thereby driving increased and repeat usage of mobile wallets and digital currency for digital payments.