By Consultants Review Team
Network International, a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA, a regional payment scheme that promotes digital payments in West Africa.
In the eight member nations of the West African Economic and Monetary Union, this partnership will foster financial inclusion and innovation. By utilising the combined strengths of the two organisations, it will support the delivery of cutting-edge digital payment solutions via the GIM-Pay framework.
By providing safe, easy, and convenient payment methods that satisfy the expanding needs of both companies and customers, this project seeks to assist the people of the UEMOA region.
The partnership will enhance the value proposition of GIM-UEMOA's affiliated member banks, enabling them to better serve their end users with state-of-the-art digital payment solutions, while also satisfying the financial needs of UEMOA users. This product aligns with the region's mission to advance financial inclusion and economic growth.
In order to provide the banking industry in West Africa with state-of-the-art digital payment solutions, this partnership with Network International enables the pooling of infrastructure and solutions. The Managing Director of GIM-UEMOA, Minayegnan Coulibaly, stated, "We anticipate the advantages that will be realized for financial services entities throughout the region."
Through this partnership, GIM-UEMOA and Network International have reaffirmed their shared dedication to innovation and cooperation in the financial technology sector in West Africa.
The significance of alliances in meeting the various financial and economic requirements of the UEMOA region is further demonstrated by this partnership.
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