intelligent

is set to empower small and micro businesses to accept card payments , powered by Network International , a leading enabler of digital commerce across Africa and the Middle East .

Following its successful entry into the South African consumer banking market , TymeBank is now planning to build accessible and affordable payment solutions for the small and micro businesses market .

A digital-only bank , TymeBank offers a modern alternative to traditional banking brands and aims to make banking more accessible and affordable to all South Africans having already recruited 2.2 million customers in the past 24 months .

Network International has already enabled TymeBank to become the first new card acquirer in South Africa for more than a decade and has now implemented a solution with both local processing and connectivity to international card schemes .

Network will provide a full end-to-end acquiring solution to TymeBank , including the N-Genius payment and processing capability through the company ’ s integrated omni-channel technology platform , Network One .

This will enable TymeBank to expand its offering to power digital payment acceptance among South African small and medium enterprises ( SMEs ).

Network International has been at the forefront of driving digital payments acceptance across Africa and the Middle East , offering end-to-end payment solutions to a growing customer base in over 50 countries .

Dieter Botha , Chief Technology and Operations Officer , TymeBank South Africa , said : “ TymeBank continues to enhance and expand its provision of affordable ( low cost ) banking and financial services to the South African market . The bank is always on the lookout for capable and forward-thinking service providers who are prepared to join us on our exciting journey . One such service provider is Network International who met and exceeded our criteria .

“ Network provides platforms that are scalable , proven and cost-effective and bring the bank the ability to develop innovative product and service offerings . Network ’ s acquiring platform , for instance , supports all the many product features and new developments that the bank was looking for . We are therefore proud to announce that the engagement will be launching a differentiated , innovative , low-cost acquiring service to the South African SME marketplace .”

Andrew Key , Managing Director , Network International Africa , said : “ Our engagement with digital banking pioneer , TymeBank , not only broadens our foothold in South Africa , but also carries inherent synergies that will positively impact digital payment penetration in the country .

“ TymeBank have challenged the traditional banking offering through technology-driven innovation and we are delighted to support them as they look to increase payment acceptance among the SME sector . We anticipate broadening our relationship with TymeBank with an increased range of services over the coming months .” �