Mobile Money Services in Ghana Strengthened Through Partnership Between Network International and Blu Penguin
In a strategic move to support greater financial inclusion in Africa, Network International, a leading enabler of digital commerce across the Middle East and Africa, has partnered with Blu Penguin, a Ghana-based fintech and mobile money aggregator.
The collaboration aims to leverage the respective strengths of both financial institutions, with Blu Penguin integrating its technology with Network International's acquiring infrastructure. This integration ensures a secure and efficient backend for processing mobile money transactions across major telecom networks.
The partnership enhances service offerings for banks by combining Blu Penguin's strong mobile money processing capabilities with Network International's industry-leading card infrastructure. As a result, banks and merchants will be equipped with the ability to offer multiple payment options in a single app, making transactions more seamless.
One of the significant outcomes of this collaboration is the integration of mobile money transaction capabilities into Network's N-Genius terminals. This integration provides a seamless payment experience for customers, with Network's clients in Ghana now able to process mobile money payments from all providers using their current N-Genius point-of-sale terminals.
Chinwe Uzoho, Regional Managing Director, Western Africa at Network International, stated that the partnership reinforces their commitment to advancing digital commerce and financial inclusion. Tenu Awoonor, Founder of Blu Penguin, echoed this sentiment, stating that the collaboration aims to improve payment accessibility and convenience for merchants in Africa.
The collaboration is expected to have a significant impact on both financial inclusion and payment innovation in Ghana and the broader West African region.
## Financial Inclusion
The expansion of mobile money payments allows both banked and unbanked individuals to make transactions more easily, contributing to increased financial inclusion. Enhanced transaction flexibility, by integrating mobile money capabilities, benefits businesses and financial institutions, particularly the unbanked population, helping them access financial services more easily.
## Payment Innovation
The partnership combines Blu Penguin's mobile-first strategy with Network International's industry-leading card infrastructure, providing merchants with a unified application to offer secure, accessible, and convenient payment options. This integration enhances the overall payments landscape in Ghana.
The collaboration demonstrates Network International's commitment to adapting to evolving market needs by embracing the rapidly growing mobile money sector in West Africa. This innovation helps in driving digital commerce forward.
The initial phase of the partnership has commenced, with plans to enable mobile money transactions via Network's N-GeniusTM payment terminals across all financial institutions in Ghana, and ultimately Sub-Sahara Africa. This collaboration is a significant milestone in expanding financial inclusion and driving payment innovation across Ghana and the broader West African region.
- The integration of Blu Penguin's technology with Network International's acquiring infrastructure aims to enhance financial inclusion in Africa by making mobile money transactions more secure and efficient.
- The collaboration between Network International and Blu Penguin is expected to lead to payment innovation, as it provides merchants with a unified application offering secure, accessible, and convenient payment options.
- By integrating mobile money transaction capabilities into Network's N-Genius terminals, this partnership supports the aims of financial inclusion, allowing both banked and unbanked individuals to make transactions more easily.
- This partnership reinforces Network International's commitment to adapting to evolving market needs by embracing the rapidly growing mobile money sector in West Africa, which drives digital commerce forward.
