Diamond Trust Bank Partners with Network International to Enhance Digital Payment Solutions

Network International, a prominent enabler of digital commerce in the Middle East and Africa (MEA), will support DTB in its digital product innovation and expansion efforts.

Diamond Trust Bank (DTB), a leading tier one bank listed on the Nairobi Securities Exchange (NSE) with a presence spanning over 75 years and 155 branches across Kenya, Uganda, Tanzania, and Burundi, has entered into a strategic partnership with Network International. Network International, a prominent enabler of digital commerce in the Middle East and Africa (MEA), will support DTB in its digital product innovation and expansion efforts.

This collaboration aims to bolster DTB’s digital-first strategy within the Kenyan market, where there is a growing demand for digital payment solutions driven by increased internet penetration and mobile phone usage. Network International will provide DTB with an advanced processing platform for card hosting and issuing, including debit, credit, and prepaid card services, as well as e-commerce solutions. The partnership will also offer DTB access to enhanced security features such as card fraud prevention, 3D Secure authentication, and card control solutions.

Jamie Loden, Chief Operating Officer at DTB, highlighted the importance of the partnership, stating, “Our collaboration with Network International represents a significant step in expanding our capabilities and enhancing our services in a dynamic digital landscape. It aligns with our goal to include more citizens in the formal financial system and meets the increasing demand for advanced card and digital banking experiences that are convenient, safe, and seamless.”

Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, expressed enthusiasm for the partnership, noting, “We are excited to work with Diamond Trust Bank to address the growing interest among the emerging middle class, youth, and SME market segments. Our collaboration will support a digital lifestyle and promote financial inclusion, enabling DTB to offer innovative and efficient digital and card experiences. We look forward to contributing to DTB’s success in digital product innovation and expansion.”

This partnership is set to significantly enhance DTB’s digital capabilities and reinforce its position in the evolving digital payments market.