• High growth markets; driven by attractive secular, macro and demographic trends
  • Significant scale and leadership across our regions
  • Diversified and resilient business model, operating across the payments value chain
  • Growth strategy with potential for further accelerators
  • Strong financial track record
  • Experienced, world class management team in the sector
  • High growth markets

High growth markets

We are well-positioned to benefit from the rapid secular shift from cash to digital payments in our markets. The Middle East and Africa remain amongst the most underpenetrated digital payments markets in the world, where cash transactions still dominate. The transition to digital payments is supported by the ongoing adoption of card and other digital payments, young populations, relatively high population growth; rapid growth of e-commerce; and government lead financial inclusion initiatives.

Significant scale and leadership across our regions

We have a long-standing history in the MEA payments markets, where we have been operating for over 25 years. We maintain leading market positions as an independent payment services provider, supported by our longstanding relationships with over 80,000 merchants and over 200 financial institutions, across more than 50 countries.

Diversified and resilient business model, operating across the payments value chain

We provide integrated services for customers across the payments value chain, including both Merchant and Issuer solutions, supported by products and value added services; such as our payments acceptance devices, proprietary online gateway, loyalty solutions and fraud solutions. Our services are enabled and supported by well invested, scalable, omnichannel technology platforms.

Growth strategy with potential for further accelerators

Our strategy is designed to support our customers in bringing digital payments to more consumers across our regions. With a focus on; capitalising on digital payments growth in our markets, growing our customer base, developing commercial arrangements with partners, expanding our product range, building technology capabilities, and pursuing opportunities for acceleration. Growth accelerator opportunities are largely organic, and may also include selective acquisitions.

Strong financial track record

Prior to the COVID-19 pandemic, we have consistently generated double digit revenue and underlying EBITDA growth. Seeing an 11% underlying EBITDA CAGR over the period from 2016 through to 2019. During 2020, whilst revenues and profit naturally declined through the pandemic, our balance sheet remained strong with good liquidity and significant headroom to covenants, and we generated positive free cash flows in a tough environment.

Experienced management team with significant industry knowledge

Our management team, which includes executives with regional and international experience, has been instrumental in developing Network International into a leading digital payments provider in the MEA region. The team has on average 20 years of industry experience in the financial services, payments and technology sectors and a track record of execution at leading financial organisations regionally and internationally.