Network International, a Dubai-based payment company has extended its shared services agreement with Emirates NBD.
Through the renewal of the contract Emirates NBD, one of the leading banks in the Middle East and North Africa (MENAT) region, improves the well-established relationship with the payment firm by continuing to provide shared services such as data hosting and finance and along with the HR support.
The expansive deal follows last year’s announcement by Network of a 5-year contract extension providing Emirates NBD and Emirates Islamic with issuer solutions services.
“We are pleased to extend our agreement with Network International as we continue to strengthen our long-term relationship on several fronts. As the leading cards issuer in the UAE, we rely on the Network’s unparalleled expertise and experience in delivering market-leading payment products that support our value-proposition and offering to customers. The network has been integral to the seamless operations of our cards portfolio and we look forward to continuing our rewarding relationship.”
In addition to existing trading deals, Emirates NBD Network International remains a shareholder in the London Stock Exchange following its $1.4 billion landmark payment in April 2019.
Simon Haslam, Group CEO, Network International stated “We are pleased to continue our agreement with Emirates NBD for support services that are integral to our ongoing operations. In addition to being our valued and long-standing client, Emirates NBD continues to offer Network International best-in-class support and services that ensure we remain the payments partner of choice to the issuer and merchant clients across the MEA region.”
Network International Holdings gives technology-enabled payment solutions to traders and financial companies in the Middle East. It became the first vendor in the Middle East to be authorized by MasterCard and Visa for payments, essentially working in the Middle East and Africa region.