A long history of innovation and a driving force in the development of digital payments in the MEA region

Since our formation in 1994 as the in-house payments division of Emirates Bank International (now Emirates NBD), Network International has grown from a captive merchant acquirer and processor to the largest payments solutions provider across the MEA region, serving customers in over 50 highly underpenetrated payments markets.

This growth has been organic and largely financed through our internal cash generation, and further accelerated through selected acquisitions to broaden our geographic footprint or bring additional services or capabilities.

In 2016, we acquired and integrated EMP, which expanded and deepened its presence on the African continent, a key growth region, adding capabilities to serve smaller financial institution customers across our regional footprint.

The key milestones in our journey to becoming a payments champion in the region are illustrated in the timeline below:

1994
  • Established in UAE as a fully owned subsidiary of Emirates Bank.

1999
  • First to provide internet commerce in UAE through e-commerce solutions.

2003
  • Third party processing for financial institutions launched.

2004
  • New Chairman and Board of Directors appointed.

  • Operations launched in Lebanon, Egypt, Kuwait, Oman and Africa.

2005
  • First to launch an EMV personalisation bureau in the region.

2006
  • First to offer real-time card acceptance payment capability to UAE merchants through GPRS POS terminals.

  • Obtained ISO 27001 Certification (data security).

2007
  • Integrated POS solutions launched for the retail and hospitality sectors.

2008
  • Acquiring NPC Egypt, a specialist in ATM and POS management. Joint venture with Obethur launched.

2009
  • Partnered with Bahrain-based BENEFIT to launch joint ventures SINNAD to provide end-to-end card hosting and payment solutions to Bahrain and Saudi Arabia.

2010
  • Acquired Diners Club franchise for UAE, Egypt, Lebanon and Jordan. Gained 70% share of acquring business to become the UAE market leader.

2011
  • Established Transguard Cash (TG CASH), a joint venture with Transguard Security, for advanced cash management.

  • Abraaj Capital acquires 49% stake in Network International.

2012
  • Acquired majority stake in global e-payments firm TimesofMoney.

2013
  • First to launch a mobile point of sale (mPOS) device in the UAE.

2014
  • First acquirer in the region to launch a dedicated e-commerce solution.

2015
  • Global investment firms Warburg Pincus and General Atlantic acquire a 49% stake from Abraaj Capital and Emirates Investment Authority.

2016
  • Acquired Emergency Markets Payments (EMP), making the combined entity the market leader across the MEA with presence across 50 countries.

2018
  • Launches revolutionary N-Genius payment platform for UAE businesses.