Source: Network International |

Network International Reports Strong H1 2022 Results with Revenue Up 31% and Profit Increasing 113% Reflecting Strong Trading and Strategic Delivery

Network International’s offering includes acquiring and processing services, and an ever-evolving range of value-added services

The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching of new value-added services; and new products and capabilities gaining…

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    • Network International & Infobip to offer WhatsApp for Business Banking Services to Financial Institution Clients across Africa
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Source: Network International |

Network International & Infobip to offer WhatsApp for Business Banking Services to Financial Institution Clients across Africa

Collaboration with global cloud communication service provider Infobip enables banks to use globally-trusted WhatsApp platform to communicate and engage with customers 24/7 using the latest technology

Leading digital payment solutions provider Network International (www.Network.ae) has announced it will bring WhatsApp for Business banking services to financial institutions across Africa through a landmark collaboration with Infobip. The full-stack cloud communications company is one of the world’s largest providers of A2P SMS services and will support Network International…

Source: Network International |

Leading Digital Payment Solutions Provider Network International Reports Strong Start to 2022 with Q1 Revenue Up 33% Year on Year

In 2021, Network International acquired DPO Group, a leading African digital payments company, in a landmark deal for the African payments landscape

The company, which operates across Africa and the Middle East, has seen strong underlying   growth in payment transactions which has supported Issuer Solutions growth alongside new customer signings; Figures include growth for DPO Group, acquired by Network International (www.Network.ae) in 2021, which saw a large number of key merchant wins…

Source: Network International |

Network International delivers on high growth strategy with 2021 revenue growth of 24% and underlying EBITDA growth of 27%

Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020

Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent discretionary expenditure; Reported net profit for the year was USD 56.6 million, a significant increase…

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    • Hany Fekry Group Managing Director Network International
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Source: Network International |

Network International appoints Hany Fekry as Group Managing Director – Processing

Hany will be responsible for leading and growing Network’s client-focused business unit servicing financial institutions, fintechs and payment partners across all geographies served by the Group

Network International (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the internal appointment of Hany Fekry as Group Managing Director – Processing and a member of the Executive Committee Team. In his new role, Hany will be responsible for leading and growing…

Source: Network International |

Network International’s FY21 revenue ahead of market expectations; Continued strong growth at newly acquired DPO group in Africa

DPO continues to trade strongly, with their revenue performance for the year representing an acquisition revenue multiple of less than 11x

Q4 revenue [1] up 30% y/y driven by spending recovery in the UAE; Continued strong growth at newly acquired DPO group in Africa, with Q4 2021 TPV growth of 40% y/y; and revenue growth of 29% y/y; FY21 revenue ahead of market expectations; group underlying EBITDA also anticipated to be…

Source: Network International |

Network International reports 19% revenue growth in Q3

Strong trading in the UAE combined with the launch of a wide range of new capabilities; remain confident in achieving full year expectations and longer-term growth aspirations

Issuer Solutions business update: Saw 2% revenue growth compared with Q3 2019, where the 2019 period was a reasonably strong comparator due to the presence of some non-recurring revenue streams  Six new financial institution customer wins for outsourced processing services Launching expanded risk and credit decision analysis solutions for financial institutions Partnered with Visa…

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    • Kuda, the challenger bank for Africans, delivers free debit cards without maintenance fees across Nigeria to promote cashless payments
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Source: Network International |

Kuda, the challenger bank for Africans, delivers free debit cards without maintenance fees across Nigeria to promote cashless payments

Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as its low-interest credit offering delivered conveniently through smartphones and the web have made it particularly attractive to millennials

In a move aimed at driving its independent payment cards offering, Kuda Technologies, the challenger bank for Africans, has partnered with Network International (www.Network.ae), the leading enabler of digital commerce in Africa and the Middle East. Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as…

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    • Chinwe Uzoho, Regional Director West & Central Africa, Network International
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Source: Network International |

Nigerian digital bank Carbon signs with Network International to boost digital payment offering

Agreement to support greater financial inclusion among unbanked in Nigeria

Pan-African fintech startup and digital bank Carbon Bank (https://ng.getCarbon.co/) has partnered with Network International (https://bit.ly/3oT6tzT), the leading enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering. Under the agreement, Network International will issue and process physical Visa debit…

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    • Nandan Mer, Chief Executive Officer, Network International
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Source: Network International |

Network International announces new strategic vision to accelerate MEA growth and completes the acquisition of DPO Group

Network’s new strategic vision is enabled by a business model transformation, both operationally and culturally

Ambition to be the fastest-growing and most innovative customer centric payments company in Africa and the Middle East; New strategy enabled by business model transformation providing the platform for accelerated growth; Expect revenue growth of 27-29% year-on-year in 2022, medium-term revenue outlook increased to 20%+, ahead of prior guidance; DPO…