Diamond Trust Bank (DTB), a prominent financial institution in East Africa, has united with Network International, one of the region’s leading enablers of digital commerce, in a strategic partnership designed to accelerate the digital payment transformation in Kenya
Collaboration for Enhanced Digital Capabilities:
The collaboration signifies a significant stride in augmenting DTB’s digital capabilities and broadening its service offerings within the rapidly expanding digital payments arena. As a part of this agreement, Network International will furnish DTB with a robust processing platform for card hosting and issuance, empowering DTB to present an extended spectrum of card products and services, encompassing debit, credit, and prepaid cards, along with e-commerce solutions. This development is anticipated to culminate in a seamless, secure, and convenient digital payment experience for customers.
Addressing the Growing Demand:
This partnership arrives at a juncture when Kenya is witnessing heightened demand for digital payment solutions, driven by burgeoning internet penetration and mobile phone usage. Equipped with advanced digital payment technologies and resilient security measures, Network International is poised to reinforce DTB’s capacity in meeting this burgeoning demand.
Empowering with Advanced Payment Solutions:
DTB stands to gain access to Network International’s state-of-the-art payment solutions, including fraud prevention tools, 3D Secure authentication, and card control solutions. Notably, these features are set to not only fortify the security of digital transactions but also provide customers with augmented control and convenience over their financial dealings.
Enthusiastic Endorsements:
Expressing eagerness about the partnership, Jamie Loden, Chief Operating Officer at DTB, highlighted the significance of the collaboration in expanding the bank’s capabilities and enhancing its services in a rapidly evolving digital landscape. Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, echoed this sentiment, affirming the potential of the partnership to drive innovation and enable secure payment experiences for DTB’s customers.
Anticipated Impact:
The strategic collaboration between DTB and Network International is poised to stimulate substantial innovation in the digital payments landscape of Kenya. The benefits of this alliance are expected not only to accrue to DTB’s customer base but also to contribute to the overarching growth and advancement of the digital economy in Kenya.