NI, The Group launch credit card services
Dubai, November 27, 2011
Network International (NI), in partnership with The Group, has launched instant credit card issuance services to provide third-party processing of credit card products to The Group and its clients.
The leading independent payment solutions provider in the Middle East, has launched instant credit card issuance services in the region, in partnership with The Group, a statement from the company said.
The Group, which is a financing and brokerage firm based in Qatar, has more than 20 years experience in financial activities and its annual transaction volume exceeds QR62 billion ($17.03).
Under the terms of this agreement, which was signed by Ram Chari, chief executive officer of Network International, and Hamad Bin Khalaf Al-Moudadi, chairman of The Group, NI will provide a range of services to the latter, including card hosting, management and personalisation.
Utilising its innovative technology platforms, NI will also provide the company with an instant card issuing solution, allowing it to approve and issue credit cards instantly for its high net worth individual clients in less than five minutes.
NI’s state-of-the-art instant credit card issuance solution is seamlessly integrated with The Group’s front end system and the instant issuance can be performed with the highest standards of security, the statement said.
“Network International is at the forefront of card management solutions in the UAE, and has the capability to develop custom-designed solutions for various organisations,” said Ram Chari, CEO, NI. “Our pioneering technology platform and the unlimited capacity to process several organisations at any given point in time have enabled us to develop the instant card issuance solution, which is being offered for the first time in the region.”
The partnership with is in line with NI’s strategic expansion plans to provide advanced payment card processing services to a wider network in the Middle East region.
It currently partners with more than 60 financial institutions and over 17,000 individual merchants, offering both card issuing and merchant processing services. – TradeArabia News Service