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Network International

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    • Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International and Jamie Loden, Chief Operating Officer at DTB
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Source: Network International |

Diamond Trust Bank (DTB) and Network International to collaborate on accelerating digital payment transformation in Kenya

Network will enable DTB to benefit from advanced digital payment solutions, robust security protocols and a sophisticated API gateway

Diamond Trust Bank (DTB), a tier one Bank that is listed on the Nairobi Securities Exchange (NSE) and has operated in East Africa over 75 years with over 155 branches across Kenya, Uganda,Tanzania and Burundi, and Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East…

Network International

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    • EGBANK and Network International sign strategic partnership to enrich customer experience
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Source: Network International |

EGBANK and Network International sign strategic partnership to enrich customer experience

This partnership is a significant milestone in enhancing the banking experience for EGBANK’s customers and enabling the bank’s digital transformation with innovative solutions

Network (www.Network.ae) to support digital payment transformation in EGBANK’s ATM acquiring business; Agreement underscores Network’s commitment to innovation in payment solutions to cater to evolving needs of Egyptian market. Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its ongoing strategic partnership with…

Network International

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    • Dr. Reda Helal, Network International, and Benjamin Mutimura, CEO, I&M Bank (Rwanda)
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Source: Network International |

The role of financial services in achieving financial inclusion in Rwanda and beyond (By Dr. Reda Helal and Benjamin Mutimura)

The momentum of financial inclusion programmes is progressively strengthened as financial institutions, businesses and consumers embrace cashless convenience and digital payments that are secure and seamless

By Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing, Network International (https://www.Network.ae) and Benjamin Mutimura, CEO, I&M Bank (Rwanda) Plc. The momentum of financial inclusion programmes is progressively strengthened as financial institutions, businesses and consumers embrace cashless convenience and digital payments that are secure and seamless. Technology…

Network International

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    • Dr. Diane Karusisi, CEO, Bank of Kigali and Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing, Network International
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Source: Network International |

Accelerating Growth in an Inclusive Rwandan and Pan-African Digital Economy (By Dr. Diane Karusisi and Dr. Reda Helal)

One of the visible signs of a growing digital economy is its flourishing initiatives for financial inclusion and financial literacy

By Dr. Diane Karusisi, CEO, Bank of Kigali and Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing, Network International (https://www.Network.ae). One of the visible signs of a growing digital economy is its flourishing initiatives for financial inclusion and financial literacy. Rwanda recognizes financial inclusion as a crucial component…

Network International
Source: Network International |

Network International partners with Souhoola to power Buy-Now-Pay-Later (BNPL) acceptance on its networkpay point-of-sale devices, boosting financial inclusion in Egypt

BNPL payment adoption is expected to grow steadily, recording a CAGR of 29 percent during 2023-2028

Network International (Network) (www.Network.global/), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has entered into a strategic partnership with leading fintech solutions provider, Souhoola, to enable merchants with the capability to offer ‘Buy-Now-Pay-Later’ (BNPL) payments at its networkpay point of sale terminals in Egypt.…

Network International
Source: Network International |

Network International Delivers Strong 2023 Revenue growth at 15% y/y and free cashflow growth of 16% y/y

The company’s ongoing focus on the SME segment continues to pay off, delivering significant growth in UAE SME signings, up 20% year on year

Revenue up 15% (CCY[1]) y/y to USD 490 million in 2023, supported by a 30% (CCY[1]) rise in the total value of consumer payments processed by merchant customers (TPV) across the MEA; Very strong performance in the UAE driven by growing consumer confidence and tourism; payments processed at UAE merchants from…

Network International

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    • I&M Bank (Rwanda) Plc. and Network International to collaborate on accelerating digital payment transformation in Rwanda
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Source: Network International |

I&M Bank (Rwanda) Plc. and Network International to collaborate on accelerating digital payment transformation in Rwanda

Through this partnership, Network will offer a variety of payment products and services including credit and prepaid card hosting and processing

I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed by the Central Bank of Rwanda, and Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), have signed a strategic partnership to provide advanced digital payment solutions in support of the…

Network International

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    • Mpho SadikiGroup Managing Director Merchant Solutions for Africa Network International
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Source: Network International |

Network International appoints Mpho Sadiki as Group Managing Director – Merchant Solutions for Africa

Mpho Sadiki brings to Network an impressive track record as a seasoned fintech professional with over 15 years of executive management experience in the Financial Services and Payments industry

Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Mpho Sadiki as Group Managing Director - Merchant Solutions, Africa. In this pivotal role, Mpho will manage the merchant solutions line of business across Network’s African markets.…

Network International
Source: Network International |

Network International delivers strong H1 2023 results across Middle East and Africa (MEA) markets with revenue up 19% year-on-year (y.o.y.) and underlying EBITDA increasing 23% year-on-year (y.o.y.)

Underlying free cash flow was USD 65 million, up 63% y.o.y.; and cash flow from operating activities was USD 107 million, supported by strong underlying business performance

First half revenue increased 19% (CCY1) y.o.y. to USD 239 million, supported by a 33% (CCY1) rise in the total value of consumer payments processed by merchant customers (TPV); Underlying EBITDA grew 23% to USD 94 million reflecting strong revenue growth and cost control; Deployed on-soil technology in South Africa,…

Network International
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Solid first quarter with good revenue and strong margin performance, supported by record merchant wins

Network International has announced a solid first quarter with constant currency revenue growth of 16% y/y

Very strong growth in Group TPV of 27% y/y in constant FX and continued progress in strategic focus areas, with Group online TPV up 43% y/y (excl. Government) and Group SME volumes up 36% y/y. Constant currency revenue growth of 16% y/y, supported by growth in credentials hosted and strong double-digit…