For over 20 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 a leading payment solutions provider 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 - to more than 65,000 merchant partners and 220 financial institutions across 50 countries.
Network is also the first independent vendor certified by both Visa and Mastercard for payments in the Middle East and a member of the JCB and UnionPay card schemes. Network owns and manages the Diners Club International franchise in the UAE, Egypt, Lebanon and Jordan and is a Payment Card Industry Data Security Standard (PCI DSS) certified company.
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. This has allowed us to generate strong revenue growth of 13% annually over the past three years, with double-digit growth in both our two main business lines – Merchant and Issuer Solutions. It also underpins underlying EBITDA growth of 11% annually over the same period, with a 49% underlying EBITDA margin achieved in 2018.
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
New Chairman and Board of Directors appointed
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 55 countries
N-Genius payment platform for UAE businesses.