Bank NXT, one of Egypt's leading banks specializing in comprehensive banking solutions for individuals and companies, has announced the renewal of its collaboration with Network International, one of the largest and leading digital payments companies in the Middle East and Africa. The aim is to accelerate the digital transformation of the bank's payment services and continue developing its infrastructure.

Under the collaboration, the bank's ATM network and debit card portfolio will be migrated to Network International's integrated processing platform, helping to streamline operations, strengthen security controls and improve the customer experience.

The collaboration reflects Bank NXT's commitment to developing its payments system in partnership with Network, and supports its expansion plans by strengthening the trust of existing customers and attracting new segments. The move comes as Egypt's banking sector undergoes rapid digital transformation, driven by the Central Bank of Egypt's efforts to strengthen the digital economy.

Tamer Seif El-Din, CEO and Managing Director of Bank NXT, said: "Our collaboration with Network International is a strategic step within Bank NXT's vision to strengthen its position and support its path of sustainable growth. This partnership extends our approach of developing a more flexible business model that responds to change, adopting the latest technologies to support our expansion plans and enhance our ability to create added value for our customers. It is also a launchpad for delivering more advanced banking solutions that support the digital transformation journey."

Dr. Reda Helal, Group Managing Director – Africa and Growth Markets at Network International, commented: "We are pleased to work with Bank NXT at a time when Egypt continues to accelerate its digital transformation. This partnership underscores our commitment to expanding our business and supporting the digital transformation of financial institutions across the Middle East and Africa. By providing our expertise and integrated platform, we are enabling Bank NXT to expand its services efficiently and contribute to the strategic goals of Egypt's financial sector, reinforcing our leadership in payments modernization and in supporting our partners' growth."

The collaboration reflects Bank NXT's drive to cement its position as a more advanced and innovative banking institution in the market.