A new partnership has been announced between the digital commerce enabler in the Middle East and Africa (MEA), Network International and Money Fellows, the money circles app, to integrate Network’s ‘Digital Payments as a Service’ offering into Money Fellows.
The new solution will improve payment functionality for Money Fellows as well as advance fraud prevention. Additionally, Network will also offer a full suite of back office managed services. The Network ‘Digital Payments as a Service’ platform will enable Money Fellows to enhance the app’s versatility and user experience. Utilising its pan-regional experience, Network will support Money Fellows’ expansion across the Middle East and Africa region.
Dr. Reda Helal, group managing director – processing, Africa and co-head group processing at Network International said: “We are pleased to partner with Money Fellows to enhance their market offerings and competitiveness, while supporting the company’s expansion into new markets in the Middle East and Africa. This collaboration signifies a major milestone in the fintech sector in the country that is currently experiencing rapid growth, aligning with the Egypt National Vision 2030 plan.”
Ahmed Wadi, CEO and co-founder of Money Fellows said: “We are thrilled to collaborate with Network International on this significant milestone for our company. We are taking this step with confidence, knowing we have the right partner in Network International to ensure the payment functionality and security that our users deserve. This launch marks a pivotal moment in our journey, reinforcing our leadership position in the market and setting the stage for our regional expansion.”
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