RAKBANK, Network International complete UAE payments tie-up

By Parth Prabhudesai

RAKBANK and Network International have completed their merchant acquiring partnership in the UAE following approval from the Central Bank of the UAE, marking a key step in expanding digital payment capabilities across the country.

The agreement, first announced in November 2025, will see Network International deploy its payment infrastructure and solutions across RAKBANK’s merchant base, serving both small and medium-sized enterprises (SMEs) and large businesses. The collaboration aims to enhance payment processing efficiency, improve settlement timelines, and provide access to modern digital payment tools.

The move comes as digital payments continue to grow rapidly in the UAE, driven by increasing adoption of contactless transactions, e-commerce, and digital wallets. By strengthening its acquiring capabilities, RAKBANK aims to better support merchants operating in an increasingly digital-first environment.

The partnership also expands Network International’s presence in Ras Al Khaimah, a region that is seeing rising commercial activity and investment. Both companies said they are focused on ensuring a smooth transition for existing merchants, with minimal disruption to ongoing payment operations.

For SMEs, the upgrade is particularly significant, as reliable and efficient payment systems are essential for managing cash flow and daily business activities. The enhanced infrastructure is expected to provide greater stability and scalability as businesses grow.

RAKBANK, formally known as the National Bank of Ras Al Khaimah, operates across retail, wholesale, and Islamic banking segments. By combining its banking capabilities with Network International’s technology, the partnership aims to deliver future-ready payment solutions.

The collaboration reflects a broader trend across the UAE and the wider MENA region, where investments in digital payments infrastructure are supporting financial inclusion, enabling business growth, and accelerating the transition toward a cashless economy.