(3 Minutes Read)
The network will provide Absa Business Banking with end-to-end payment processing capabilities through a single payments’ platform and a fully outsourced managed services model.
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has been selected by Absa Business Banking, one of Africa’s leading business banks, as its digital payments technology partner. The network will provide Absa Business Banking with end-to-end payment processing capabilities through a single payment platform and a fully outsourced managed services model.
The uptake of Payments as a Service (PaaS) is fuelled by Africa’s growing cloud adoption, which can be likened to the continent’s rapid growth in smartphone ownership. According to analysts, cloud adoption in Africa is accelerating rapidly, nearing levels seen in North America and China.
Read Also:
Fuel card fraud is a challenge for fleet managers, which can lead to substantial financial losses over time. At the same time, connected vehicle concepts, digitisation of payment channels, and a demand for self-service management of cards require enhanced stability and innovation in this space.
