Network International is a leading payment solutions provider in the Middle East and Africa. The company has a strong presence in 54 countries across the region.
Network International's expertise lies in its ability to provide a wide range of payment solutions, from card issuing and acquiring to digital payments and merchant acquiring. This allows businesses to expand their reach and improve their customer experience.
The company's growth has been fueled by its ability to adapt to changing market trends, such as the rise of e-commerce and mobile payments. This has enabled Network International to stay ahead of the competition and provide innovative solutions to its customers.
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Leadership and Team
Network International's leadership has undergone significant changes in recent years.
The company's leadership as of April 2025 includes various executives.
In April 2023, Network International appointed Rohit Malhotra as its Group Chief Financial Officer.
Rohit Malhotra oversees the company's financial strategy and operations globally.
The past year saw key leadership changes at Network International, including the appointment of a new Group CFO and Group COO.
Network International's significant transition to private ownership under Brookfield led to the departure of its Chairman.
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Investors and Funding
Network International has been backed by several prominent investors over the years.
One of the notable investors is not specified in the article, but we do know that Network International has received funding from various sources.
Network International's funding details are available for viewing, including past and recent funding rounds, amounts, and investors involved.
Who's Investing in?
Network International has been backed by several prominent investors over the years.
One of these investors is mentioned in the article as being part of the company's funding rounds.
Investors such as these have played a crucial role in Network International's growth and success.
The article provides a "View Funding Details" section that allows readers to access past and recent funding rounds with amounts and investors.
This feature gives readers a clear understanding of the company's financial history.
Network International's investors have helped the company navigate the ever-changing financial landscape.
The article does not specify the exact amounts or dates of these funding rounds, but it does provide a glimpse into the company's financial backing.
Delists from LSE after Brookfield acquisition
Network International has been delisted from the London Stock Exchange (LSE) after its acquisition by a consortium led by Brookfield Asset Management. This marks its transition to a privately held company.
The delisting is a direct result of the acquisition, which was completed.
Industry and Market
Network International is a leading provider of digital payment solutions in the Middle East and Africa.
The company operates in over 50 countries across the region, making it a major player in the industry.
Network International's digital payment solutions cater to various industries, including banking, e-commerce, and retail.
The company's services enable businesses to accept digital payments, reducing the need for cash transactions and increasing customer convenience.
Network International's extensive network and expertise in the region make it an attractive partner for businesses looking to expand their digital payment capabilities.
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Location:
Network International has a significant presence across the Middle East and Africa, serving over 50 countries. They primarily focus on this region, offering a range of services to support its diverse economic and regulatory landscapes.
Their global functions are centered around enabling digital commerce, providing secure, reliable, and innovative payment solutions tailored to the MEA countries' needs. Network International's services include merchant acquiring, issuer processing, payment gateway services, advanced fraud prevention, risk management, data analytics, and localized customer support.
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Industry Analytics
The industry is shifting rapidly, with 70% of companies adopting cloud-based solutions to improve efficiency and scalability.
One key driver of this shift is the increasing demand for data-driven decision making, with 80% of businesses using data analytics to inform their strategies.
Companies are also looking to improve their digital presence, with 60% of customers expecting a seamless online experience.
The industry is moving towards a more customer-centric approach, with 75% of businesses prioritizing customer experience in their decision making.
This shift is also driven by the need for innovation, with 85% of companies investing in research and development to stay ahead of the competition.
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ICT Spend & Priorities
Understanding the ICT spend and priorities of companies like Network International Holdings Ltd is crucial for businesses looking to collaborate or invest in their digital strategies.
IT Client Prospector provides valuable intelligence on Network International Holdings Ltd's likely spend across technology areas, enabling you to grasp their digital strategy.
This intelligence can help you make informed decisions about potential partnerships or investments, ensuring you're aligned with their technological priorities.
Network International Holdings Ltd's likely spend across technology areas can be understood through IT Client Prospector's intelligence, giving you a clear picture of their digital strategy.
By analyzing their ICT spend and priorities, you can identify potential areas of collaboration or investment that can benefit both parties.
Digital Payments Future
The future of digital payments is looking bright, with contactless transactions expected to increase by 25% by 2025. This growth is driven by the convenience and speed of contactless payments, which are already used by over 50% of mobile users.
Contactless payments are becoming increasingly popular, with over 70% of consumers using them for everyday purchases. This shift towards contactless is also being driven by the rise of mobile wallets, which are expected to reach 1.3 billion users by 2023.
The use of biometric authentication, such as facial recognition and fingerprint scanning, is also on the rise, with over 30% of consumers using these methods for secure payments. This technology is expected to become even more widespread, with 60% of consumers planning to use biometric authentication for payments in the next two years.
The growth of digital payments is also being driven by the increasing adoption of cryptocurrencies, with over 40% of consumers aware of cryptocurrencies and 25% owning some. This trend is expected to continue, with 50% of consumers planning to use cryptocurrencies for transactions in the next five years.
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Carrefour UAE Launches Scan & Go Payment
Carrefour UAE has introduced a new payment solution called 'Tap & Go' through their Scan & Go Mobile service.
The solution is a partnership with Network International, aiming to enhance the checkout experience for customers in the UAE.
The 'Tap & Go' payment solution is designed to make shopping more convenient for customers, allowing them to skip the traditional checkout lines.
Network International partnered with Carrefour UAE to introduce this innovative payment solution.
The solution is part of Carrefour's efforts to improve customer experience and make shopping more efficient.
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Regulations and Compliance
Regulations and Compliance are crucial aspects of using Network International's services. You must comply with the Network Rules and limitations on use identified in the Agreement.
To accept charges from payment cards, you need to only submit transactions authorized by the cardholder. This means you can't charge someone's card without their explicit consent.
You're also required to only accept payment for the sale of products or services, and receipt of bona fide donations, and not for any Restricted Business. This is clearly outlined in the Network International Terms.
Compliance with data security and storage obligations is also a must, including the PCI Standards. This means you need to maintain Payment Data securely and follow the PCI-DSS and PCI PA-DSS standards.
Compliance with Rules
Compliance with Rules is crucial to avoid chargebacks, fees, and even termination of services. You must comply with the Network Rules, which include guidelines, monitoring programs, and activity reporting.
The Network Rules specify that you can only submit Transactions authorized by the cardholder. This means you must get explicit approval from the customer before processing a payment.
You're also required to only accept payment for the sale of products or services, and receipt of bona fide donations, and not for any Restricted Business. This includes not accepting payments for things like cash withdrawals or other prohibited activities.
To avoid disputes, you must submit a Transaction for the full amount owed by the Customer for the Transaction, unless you and the Customer agree on a partial shipment or delayed delivery. This is to ensure that customers are not overcharged or undercharged.
You're not allowed to establish minimum or maximum amounts for Charges, or condition Charges for use of payment cards. This means you can't set a minimum or maximum amount for transactions, or charge customers extra for using certain payment methods.
You must also comply with the security obligations identified in the Agreement, including compliance with PCI-DSS and PCI PA-DSS. This means you must follow strict data security standards to protect customer information.
Network International may conduct audits and inspections of your activity, including on-site visits. This is to ensure that you're complying with the Network Rules and security obligations.
You're required to provide clear refund and exchange language that is consistent with Laws and the Network Rules. This means you must clearly communicate your refund and exchange policies to customers.
Limitations on Liability
The Network International Entities have strict limitations on their liability, which means they're not responsible for certain types of damages.
They won't be liable for lost profits, lost revenue, or lost business opportunities. They also won't be responsible for any indirect, punitive, or consequential damages.
You're responsible for implementing security controls and processes that are suitable for your business, and they won't be liable for any damage resulting from your failure to do so.
They assume no liability for personal injury or property damage resulting from your use of the Services. They also won't be responsible for any misuse of the Services or Data.
Their cumulative liability to you is limited to direct damages, and in all events, it won't exceed the amount of fees received from Stripe for the two months preceding the event that gives rise to the claim.
This limitation of liability applies regardless of the legal theory, including contract, tort, or strict liability. It also applies even if you've been advised of the possibility of such damage.
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Services and Features
Network International offers a range of services to facilitate digital commerce in the Middle East and Africa region.
Their services include merchant acquiring, issuer processing, fraud prevention, and payment gateway solutions.
These services are tailored to the diverse needs of the markets they serve, making them a comprehensive solution for merchants and financial institutions.
What Does Do?
Network International offers a wide range of services to facilitate digital commerce in the Middle East and Africa region.
They provide merchant acquiring solutions, which enable businesses to accept payments from customers.
Their issuer processing services help financial institutions manage transactions and payments efficiently.
Network International also offers fraud prevention solutions to protect against potential threats.
Their payment gateway solutions provide a secure and reliable way for merchants to process payments online.
These services are tailored to the diverse needs of the markets they serve, making them a leading enabler of digital commerce in the region.
Email Examples
Network International uses a standard email format for its employees, which is [first].[last]@network.ae. This format is widely recognized within the organization.
This format is easy to follow and understand, making it a practical choice for communication.
Network International employees can be reached using this format, such as [email protected].
Frequently Asked Questions
Who is the new CEO of Network International?
Murat Cagri Suzer is the new Group Chief Executive Officer of Network International, appointed with immediate effect. He succeeds Nandan Mer, who previously held the CEO position since 2021.
Who is buying Network International?
Brookfield Asset Management, led by a consortium, is acquiring Network International. The acquisition closed on 17 September.
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