The Dubai-based company can now offer its services in Ghana since it is now complying with the local law, which requires service providers to have a presence in the country.  

Tech-enabled payment solutions provider Network International Holdings will open a new office and data center in Ghana. This was announced in a release, dated December 5, issued by the holdings. 

“Ghana is an exciting market for digital payments and innovation, and we are delighted to launch our office and data center to offer customers, banks, and entrepreneurs smooth and secure payment services. We look forward to supporting businesses as they grow and reach new customers,”  said Addo-Quaye (photo, left), Managing Director of Network International Ghana.

With that office, the holding is establishing a local presence to provide innovative solutions that drive customer and profitability and help businesses and economies thrive by simplifying commerce and payments in the Ghanaian market.

Network International's launch in Ghana comes against a backdrop of accelerated digital transformation and increased consumer preferences for convenient, frictionless payment options. In June, Ernest Addison, the governor of the Bank of Ghana, noted that the volume of instant payment transactions has grown from 420,000 cedis (about US$52,800) in 2016 to 31.4 billion cedis in 2021. In addition, cash in circulation in the country as a proportion of gross domestic product (GDP) has dropped from 6.8 percent in 2016 to 4.7 percent in 2021, while the number of checks used per capita has dropped from 25.67 in 2016 to 18.9 in 2021.

Network International wants to take advantage of these shifts and create more partnerships with companies in the digital payments space in Ghana to offer customers more payment options and boost financial inclusion.

The company has a presence in Africa’s largest markets, including Nigeria, South Africa, Kenya, Egypt, and Ghana. It also operates in almost all of the other African countries. 

Samira Njoya