24 July 2024, Kathmandu
Diamond Trust Bank (DTB), a tier-one bank listed on the Nairobi Securities Exchange (NSE), has announced a strategic partnership with Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA).
DTB and Network International Partner
This collaboration aims to enhance DTB’s digital payment capabilities by providing a robust processing platform for hosting and issuing cards.
DTB, which has been operating in East Africa for over 75 years with more than 155 branches across Kenya, Uganda, Tanzania, and Burundi, will benefit from Network’s advanced digital payment solutions, robust security protocols, and a sophisticated API gateway. This partnership aligns with DTB’s digital-first strategy in the Kenyan market, driven by the increasing internet penetration and mobile phone usage in the country.
Key Highlights of the Partnership:
- Advanced Digital Payment Solutions: Network will offer a variety of payment products and services, including debit, credit, and prepaid card hosting and processing, as well as e-Commerce.
- Enhanced Security: The partnership will provide value-added services such as card fraud prevention, 3D Secure authentication, and card control solutions.
- Customer Delight: Jamie Loden, Chief Operating Officer at DTB, emphasized the importance of customer satisfaction, noting that the collaboration will help meet the growing demand for new and superior card and digital banking experiences.
Statements from Key Executives:
Jamie Loden, Chief Operating Officer at DTB, stated: “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.”
Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, commented: “We are excited to collaborate with Diamond Trust Bank in meeting the rising interest among the emerging middle class, youth, and SME market segments, especially the unbanked, for services that support a digital lifestyle and enable financial inclusion.”
About Network International: Network International is the Middle East and Africa’s largest and leading digital payments company, operating in over 50 countries and serving more than 200 financial institutions and 150,000+ merchants. Their mission is to help businesses and economies grow by simplifying payments and commerce.
About Diamond Trust Bank: Diamond Trust Bank (DTB) is a leading tier-one East African commercial banking franchise operating in Kenya, Tanzania, Uganda, and Burundi. An affiliate of the Aga Khan Development Network (AKDN), DTB is listed on the Nairobi Securities Exchange (NSE). With a rich history spanning 78 years, DTB is committed to innovation and customer-centricity, leveraging cutting-edge technology and best practices to ensure transformative customer experiences.
For more information, visit www.DTBAfrica.com.
