Network International Powers Money Fellows’ New Digital Payment Solution in Egypt
Network International, a leading enabler of digital commerce across the Middle East and Africa, has partnered with Money Fellows, the renowned money circles app, to launch a cutting-edge digital payment solution.
This collaboration aligns with Egypt’s Vision 2030 plan, focusing on financial inclusion and technological innovation.
Under this partnership, Network International will deliver its ‘Digital Payments as a Service’ platform, incorporating secure payment functionality, fraud prevention, and managed back-office services. These enhancements will significantly improve the versatility and user experience of Money Fellows, paving the way for the app’s expansion across the region.
Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, commented: “This collaboration strengthens fintech innovation in Egypt and supports Money Fellows’ expansion across the Middle East and Africa, ensuring advanced market competitiveness.”
Ahmed Wadi, CEO & Co-Founder of Money Fellows, added: “Partnering with Network International ensures our users enjoy top-tier payment security and functionality. This milestone solidifies our market leadership and prepares us for regional growth.”
Money Fellows has revolutionized traditional money circles, attracting over 7 million users and securing $45M in investment. Operating under Egypt’s Central Bank Regulatory Sandbox since 2018, the app supports financial literacy and inclusion.
Network International simplifies payments and commerce across 50+ countries, serving over 250 financial institutions and 130,000+ merchants.
Money Fellows offers secure and flexible digital money circles, empowering users with financial well-being and inclusion.
