I&M Bank Plc., Rwanda's oldest bank, licensed by the Central Bank of Rwanda, and Network International (Network), the foremost facilitator of digital commerce throughout the Middle East and Africa (MEA), have forged a strategic alliance to deliver advanced digital payment solutions in alignment with the bank's initiatives to enhance the country's financial inclusion strategy
The partnership with Network International will fortify I&M Bank's commitment to a digital-first approach and its leadership in the Rwandan market. With a burgeoning interest in digital payment solutions fueled by increasing internet accessibility and mobile phone utilisation across the nation, Network International will empower I&M Bank to leverage cutting-edge digital payment solutions, stringent security measures, and a sophisticated API gateway. Through this collaboration, Network International will provide an array of payment products and services, encompassing credit and prepaid card hosting and processing. Furthermore, the bank will gain access to a suite of value-added services, including card fraud prevention, 3D Secure authentication, and card control solutions.
Benjamin Mutimura, CEO of I&M Bank (Rwanda) Plc., emphasised the importance of customer delight, stating, “Our partnership with Network International marks a significant milestone in our efforts to expand our capabilities and elevate our services in a rapidly evolving digital environment. It also complements our desire to facilitate the inclusion of more citizens in the formal financial system. Our collaboration with a market leader like Network International will help us satisfy the growing demand among Rwandans for new and superior digital banking experiences that are convenient, safe, and seamless, thereby ensuring customer delight.”
Dr Reda Helal, group managing director – processing, Africa & co-head group processing at Network International, commented, “We are excited to collaborate with I&M Bank in meeting the rising interest among Rwandans, especially the unbanked, for services that support a digital lifestyle. We welcome the opportunity to support I&M Bank’s passion for providing best-in-class digital customer experiences by enabling innovation and enhanced operational efficiency, as well as broaden our contributions to the success of Rwanda’s financial inclusion strategy.”
