Netcetera partners Covalent to expand online payments in Middle East & Africa

MEA – Swiss software company Netcetera has partnered with Pakistani payments powerhouse Covalent to provide a smooth and secure online payment experience for customers in Middle East & Africa.

The partnership will offer Software as a Service model (SaaS) to banks, electronic money institutions, or non-banking financial institutions.

Covalent is one of the burgeoning fresh players on the Middle East & Africa FinTech scene, offering a cloud-based payments platform for banks, electronic money institutions, and non-banking financial institutions tailored to their needs.

The start-up’s interest converged and sparks flew as a result of making the acquaintance of Netcetera through regional contacts.

Netcetera’s 3DS solutions make it possible for Covalent’s platform to offer two-factor authentication, verifying users’ identity.

This not only ensures easy online payment whether using a computer, tablet, or phone, it also prevents card fraud.

Their attention to detail, EMVCo certification, and many years of experience implementing 3DS solutions for global customers all contributed to Covalent’s choice.

Covalent’s blue-chip contacts on the ground and valuable local knowledge of the payments ecosystem and card management systems were also a boon for Netcetera, making them the perfect fit.

We heard about their reputation for excellence and felt they were just the right people to work with“, said Haris Waheed, Head of Business & Strategy at Covalent.

We look forward to our collaboration and providing the most innovative payment services in the region.”

We are always on the lookout for promising partnerships for our services and are delighted to now be able to offer secure online payments and expand our reach in Pakistan with Covalent,” said Ramy Fouda, Director of Sales and Business Development at Netcetera.

The two companies will leverage their services to streamline the middle EAST AND Africa where the majority of the population are youths under 30 years who embrace technology.

With the increased penetration of smartphones in the region, there is a need for fast and secure payment methods that can serve a large number of users.

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