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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
Source: Network International |

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…

Network International

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    • Mr. Adekunle Sonola, Managing Director/CEO of Polaris Bank and Dr. Reda Helal Group MD Network International
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Source: Network International |

Network International strengthens Partnership with Polaris Bank to deepen financial inclusion, digital transformation

The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless

Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank Limited, to deepen financial inclusion and digital transformation. The partnership is anchored on the provision of payments processing…

Network International
Source: Network International |

Network International reports strong strategic progress, delivering 24% revenue growth, profit up over 40% y/y and robust cashflows in 2022

The company’s focus is on the SME segment, where it seeks to replicate its success in the UAE

Network International Holdings Plc, preliminary financial results update Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across Africa and the Middle East, today announced its preliminary financial results for the year ended 31 December 2022. The company reported total revenue of USD 438.4 million up 24.5% compared to…

Network International

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

Leading digital payment solutions provider Network International reports strong strategic delivery and record merchant wins with Q4 2022 revenue up 13% y/y

The business, comprised of a group of companies, is a leading enabler of digital commerce across the Middle East and Africa

The company, which operates across Africa and the Middle East, has seen strong underlying growth in payment transactions with an increase in merchant solutions growth acceleration vs pre-pandemic during Q4 2022; successfully launched direct-to-merchant services in Egypt, with the first Small and medium-sized enterprises (SME) merchants onboarded and transacting through…