Zambian fintech and neobank Lupiya has appointed Network as its digital payments technology partner to launch a new debit card, the company said in a statement.
The debit card is e-commerce enabled, 3D Secure and tokenization. Founded by Evelyn Chilomo Kaingu and Muchu Kaingu, Lupiya offers micro loans to underserved populations.Network will provide a comprehensive suite of card payment processing solutions throughout the entire lifecycle of the card.Lupiya’s solution is meant to serve about a third of Zambia’s population that remains financially excluded. Although the levels of financial inclusion have improved in the last decade, there are other issues including a gender finance gap.
“This new partnership marks a significant milestone for our company in Zambia and opens new avenues for growth and innovation. The growing adoption in cloud technologies has perfectly primed both fintech and traditional financial institutions to turbo charge digital innovation,” Dr Reda Helal, Managing Director & Co-Head of Processing – Africa, Network International.
“This collaboration is a testament to our commitment to delivering cutting-edge technology that enhances convenience and security for our customers, while driving economic growth and financial independence across the continent,” Muchu Kaingu, CEO of Lupiya Pay said.
