Domestic spends have increased 13 per cent in 2015 over the previous year, while overall card spends in the UAE grew by 9 per cent, according to a report by Network International, the leading payment solutions provider in the Mena region.
UAE-based Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran's largest banks this year, the company's chief executive told Reuters on Sunday.
Dubai-based Network International has agreed to buy rival Emerging Markets Payments (EMP) from private equity firm Actis in a deal creating the largest payments processor in the Middle East and Africa.
The size of the deal was not
Network International, a leading payment solutions provider, has announced that affiliates of global investment firms Warburg Pincus and General Atlantic have agreed to acquire a 49 per cent stake in the company from the Abraaj Group.
Economic weakness hitting tourism and spending dragged down card transaction expansion rates in the Middle East and North Africa in 2015, according to the largest payments processor in the Middle East and Africa.
Network International, a leading payment solutions provider in the Middle East, has launched its Network Online (NeO), a sophisticated online payment gateway in the UAE.
NeO is the first smart payment gateway to be created in the
Network International, a developer of payment processing solutions, is considering strategic options including an initial public offer, Dubai-based lender Emirates NBD said on Tuesday, referring to the firm as its affiliated associate.
Private equity firm Abraaj Group has hired investment bank Moelis & Co to advise it on options for selling its stake in United Arab Emirates-based payments provider Network International, either through a stock market listing or a private sa
The Mena region’s unbanked and underbanked sectors remain a major retail banking frontier, experts said, highlighting the potential for retail banks to partner with mobile network operators (MNOs) to offer services to mobile clients.
Network International, the leading independent payment solutions provider in the region, has launched “Mercury,” the first-ever UAE-focused closed loop prepaid programme which will facilitate the direct issuance of a wide range of do