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United Arab Bank partners with Network International for omnichannel payment solutions

By Delisha Fernandes

May 22, 2024

  • Digital Payments
  • e-commerce solutions
  • Financial Institutions
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Network International

United Arab Bank (UAB) has collaborated with Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA), for Network International’s omnichannel payment solutions in the UAE.

Nael Mourad, Head of Wholesale Banking at United Arab Bank, said, “We are pleased to partner with Network International, a leading acquirer in the UAE, for the provision of POS and E-commerce payment solutions to our corporate customers. This strategic collaboration represents a significant milestone for our wholesale banking product offering.”

This collaboration will enable UAB to extend its corporate clients’ Network’s merchant acquiring, card acceptance and payments services along with its full suite of technology-enabled payment solutions through a well-invested, secure, scalable, and integrated omni-channel approach.

Niraj Kumar, Head of Global Transaction Banking (GTB) at United Arab Bank, added, “By leveraging Network International’s technology, we aim to enhance our clients’ payment experiences, streamline processes, and drive efficiency. Together with Network, we look forward to delivering innovative solutions that empower businesses in this era of digital disruption.”

Network International is the Middle East and Africa’s largest digital payments company. The company helps businesses and economies grow by simplifying payments and commerce. It operates in 50+ countries serving governments, banks, FinTechs, merchants and public sector companies.

Pankaj Kundra, Group Head of Products, Partnerships and Enterprises at Network International, said, “We are thrilled to collaborate with United Arab Bank to support their growth strategy by providing our integrated, omni-channel payment solutions that have always been at the forefront of innovative technologies for easier, safer and secure transactions.”

Added Kundra, “The UAE is among the rapidly expanding digital payments markets in the world. As a leading digital payments company serving over 200 financial institutions and 120,000 merchants across the Middle East and Africa region, we are confident that this partnership will help United Arab Bank offer a superior value proposition to their corporate clients while enabling Network to solidify its leadership in the payments space.”

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