Network International (Network), the Middle East and Africa (MEA) region’s premier enabler of digital commerce, has renewed its relationship with Polaris Bank Limited, one of Nigeria’s top financial service providers, to deepen financial inclusion and digital transformation.
The relationship is based on the provision of payments processing solutions and API gateway services, which supports the Bank’s goal of providing self-service/digital channels that bring banking services closer to current and prospective customers.
Polaris Bank’s relationship with Network enables them to provide low-cost digital solutions on a secure platform, facilitating customer acquisition and digital onboarding. The strategic collaboration deal spans numerous product lines and will have a significant influence on card and other forms of digital payment activity, while also promoting financial inclusion and allowing the Bank to deliver premium payment solutions to its clients.
Polaris Bank will benefit from Network’s years of experience and expertise in comprehensive payment solutions for the African market, providing the bank with a future-ready micro-services architecture that enables seamless integration to any number of advanced implementations, ensuring maximum potential for creative revenue streams over the next decade.
Strategic Capital Investment Limited (SCIL) owns 100% of Polaris Bank Limited, a Nigerian private limited liability company. It has over 224 branches and cash centers throughout Nigeria, as well as a powerful Digital Banking platform powered by award-winning VULTe digital technologies. Polaris Bank is revolutionizing banking products and services for individuals and businesses.
At the BusinessDay Banks and other Financial Institutions (BAFI) Awards in Nigeria, the bank was named Digital Bank of the Year in 2021 and 2022.
Mr. Adekunle Sonola, Managing Director/CEO of Polaris Bank, commented on the partnership, saying, “Polaris Bank is geared towards growth in retail banking, and will achieve its aspirations with a trusted and reliable partner like Network International.” Providing exceptional customer service across all digital platforms is a high priority for us, and this can only be achieved with the help of partners who share the Bank’s vision and aims.”
Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, commented on the collaboration: “We are equally excited to renew our partnership with Polaris Bank.” Network International is well-positioned to provide innovative products and services to our clients, and this is a long-term partnership. We are devoted to investing in local resources in order to offer and deliver the best to our customers.”
