For over 25 years, Network International has delivered innovative solutions that drive revenue and profitability for our customers. This philosophy has seen us grow to be the largest acquirer in the UAE and the leading enabler of digital commerce in the Middle East and Africa (MEA) region.
We provide a robust suite of payment products and services that are on the cutting edge of technology development. In 2019, we processed $43.8 billion in total processed volumes (TPV) for more than 70,000 merchants and processed 752 million issuer transactions on 14.2 million cards for over 200 financial institutions.
Our management team have on average 20 years of industry experience in the financial services, payments and technology sectors and a proven track record of execution at leading organisations regionally and internationally.
Our two business segments are the Middle East and Africa:
Our largest segment by revenue is the Middle East, which represented 73% of total revenue in 2019. Key markets include the United Arab Emirates and Jordan. We have recently entered Saudi Arabia, a market that offers significant opportunities for growth.
We provide services in more than 40 countries in Africa, which represented 27% of total revenue in 2019. Key markets include Egypt, Nigeria and South Africa.
We continue to invest in strategic partnerships designed to increase our geographic footprint, while also devoting resources to support and enrich an eco-system of innovation among our stakeholders.
In 2019, we joined the London Stock Exchange (LSE) through a Premium Listing on the Main Market, becoming the largest-ever technology IPO from a MEA-based firm globally and the largest technology company to list on LSE since 2015.
With operation centers in the UAE, Egypt, Jordan, South Africa and Nigeria, and the corporate head office in Dubai, Network is positioned to stay abreast of the fast-evolving payments industry and to continue developing solutions for emerging opportunities.
Established in UAE as a fully owned subsidiary of Emirates Bank
First to provide internet commerce in UAE through
Third party processing for financial institutions launched
Operations launched in Lebanon, Egypt, Kuwait, Oman and Africa
First to launch an EMV personalization bureau in the region
First to offer real-time card acceptance payment capability to UAE merchants through GPRS POS terminals
Obtained ISO 27001 certification (data security)
Integrated POS solutions launched for the retail and hospitality sectors
Acquired NPC Egypt, a specialist in ATM and POS management
Joint venture with Oberthur launched
Partnered with Bahrain-based BENEFIT to launch joint venture SINNAD to provide end-to-end card hosting and payment solutions to Bahrain and Saudi Arabia
Acquired Diners Club franchise for UAE, Egypt, Lebanon and Jordan
Gained 70% share of acquiring business to become the UAE market leader
Established Transguard Cash (TG Cash), a joint venture with Transguard Security, for advanced cash management
Abraaj Capital acquires 49% stake in Network International
Acquired majority stake in global e-payments firm TimesofMoney
First to launch a mobile point of sale (mPOS) device in the UAE
First acquirer in the region to launch a dedicated
Global investment firms Warburg Pincus and General Atlantic acquire a 49% stake from Abraaj Capital and Emirates Investment Authority
Acquired Emerging Markets Payments (EMP), making the combined entity the market leader across the MEA with presence across 50 countries
N-GeniusTM payment platform for UAE businesses
Becomes one of the largest tech companies to list on the London Stock Exchange since 2015 and largest ever tech IPO from a MEA-based firm globally