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Network International

UAE domestic card spends jump 12pc in Q1

Domestic card spends in the UAE increased by 12 per cent in the first quarter of 2016 compared to the same period last year, according to a report on consumer card spends by Network International, a leading payment solutions provider in the Mena

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Network International closes $350m financing

UAE payment processing firm Network International has closed a $350m-equivalent, six-year loan to finance the acquisition of Emerging Markets Payments (EMP), a payments processing company with its main operations in Africa and the Middle East, b

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UAE domestic spending rises 13pc in 2015

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.

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Network International in talks with Iranian banks

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. The comp

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Network International to buy EMP Group

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

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Abraaj exits investment in Network International

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. E

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Network International sees card payment growth easing

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. Bhairav Trivedi,

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Network International launches smart web payment

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

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Network International mulls IPO

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.

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Abraaj Group mulls exit from Network International

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

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