3rd Sep 2019 08:27
(Alliance News) - Payment services technology firm Network International Holdings PLC said Tuesday it has signed a partnership with banking software company CR2 to supply a managed host service for mobile banking in Africa.
CR2 operates the BankWorld digital banking platform, and accompanying mobile app, which allows banks in Africa and the Middle East to offer digital banking to customers. Network International has agreed to offer its Managed Hosting Service for the platform.
According to Network International, the partnership will allow banks to "rapidly deploy and cost-effectively manage their mobile banking services".
"The partnership between CR2 and Network International will provide banks with access to a state-of-the-art banking platform as a Managed Service which means low upfront costs and a significantly reduced need for IT support from prospective bank clients," the company added.
Network International currently provides a Managed Service to over 220 financial institutions in Africa and the Middle East.
Network International's Managing Director for Africa Andrew Key said: "We are very pleased to partner with CR2. The BankWorld mobile app proposition complements our portfolio offering to banks in the region. The ability to deploy mobile banking as a managed service means that banks can have their banking app in the hands of their customers faster, without delay or without the complexity, cost and resources needed by adding infrastructure in-house."
Shares in Network International were 0.7% higher in London on Tuesday morning at 608.00 pence each.
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