Arab Finance: Bank NXT has extended its partnership with fintech company Network International to upgrade its payments infrastructure and accelerate the digitalization of its payment services, as per an emailed press release.

Under the agreement, the bank will move its automated teller machine (ATM) and debit card portfolio to Network International’s end-to-end processing platform. The migration is intended to simplify operations, reinforce security controls, and improve the customer experience.

The move forms part of Bank NXT’s expansion strategy and comes as the Central Bank of Egypt drives efforts to advance digital banking and develop the country’s digital economy.

“Our collaboration with Network International is a cornerstone of Bank NXT’s strategy to modernize our payments infrastructure and better serve our customers. Migrating our debit card and ATM portfolio to Network’s robust processing platform will enable us to achieve greater operational efficiency, introduce innovative services faster, and ultimately, provide a seamless, secure, and digitally advanced banking experience. This collaboration reaffirms our commitment to leveraging cutting-edge technology to drive our strategic expansion and meet the evolving needs of the Egyptian market, contributing significantly to the nation's digital transformation,” Tamer Seif El-Din, CEO and Managing Director of Bank NXT, said.

Reda Helal, Group Managing Director for Processing, Africa and Growth Markets at Network International, commented: “This collaboration underscores our commitment to expanding our geographic footprint and supporting the digital evolution of banks across the MEA region. By providing our expertise and end-to-end processing capabilities, we are enabling Bank NXT to scale their services effectively, while contributing to Egypt's strategic financial goals. This is a testament to our leadership and value proposition in payments modernisation and our dedication to fostering growth for our partners.”