Financial Inclusivity in Rwanda With support from Network International Partnership & I&M Bank (Rwanda) Plc

A lot of businesses in emerging nations are looking to technology to help grow their financial markets. For instance, in order to increase financial inclusion in Rwanda, Network International (Network) and I&M Bank (Rwanda) Plc., the nation's oldest bank and holder of a license from the Central Bank of Rwanda, have teamed up.

Maurine Lind

March 09, 2024

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Wealth

I&M Bank's leadership in the Rwandan market and its digital-first strategy will be strengthened by the deal with Network International. Network would provide I&M Bank with access to cutting-edge digital payment solutions, strong security measures, and an advanced API gateway, all in the midst of a nationwide surge in interest in these solutions due to increased internet penetration and mobile phone usage.

Network will provide a range of payment products and services, such as credit and prepaid card hosting and processing, through this agreement. A plethora of value-added services, including card fraud protection, 3D secure authentication, and card control solutions, will also be available to the bank.

A focus on customer satisfaction was expressed by Benjamin Mutimura, CEO of I&M Bank (Rwanda) Plc., who said, "Our partnership with Network International complements our desire to facilitate the inclusion of more citizens in the formal financial system." In order to ensure customer satisfaction, we will be able to meet Rwandans' increasing need for innovative and superior digital banking experiences that are seamless, safe, and convenient thanks to our partnership with a market leader like Network International.

Dr. Reda Helal, co-head group processing at Network International and group managing director for processing, Africa, said: "We are thrilled to cooperate with I&M Bank to address the growing demand for services that enable a digital lifestyle among Rwandans, particularly the unbanked.

As we widen our contributions to Rwanda's financial inclusion agenda, we appreciate the chance to support I&M Bank's enthusiasm for delivering best-in-class digital client experiences by enabling innovation and enhancing operational efficiency.