Network International introduces new Business Payment Solutions

By Shilpa Annie Joseph, Official Reporter
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Network-Mastercard Partnership
Officials during the signing ceremony | Image cropped by GBN

Network International has introduced a new Business Payment Solutions for businesses, corporations, and travel industry companies in the UAE.

Launched in partnership with Mastercard, the new solutions will enable Network International to tap into Mastercard’s global digital payment expertise including card offerings, expense management, and virtual card innovations.

Further, this allows Network International’s commercial clients in UAE to digitize business expenses, streamline company payables and receivables processes, enhance payment security, and improve cash flow.

Nandan Mer_Network International SVF license from CBUAE
Nandan Mer
Group CEO
Network International

“We are delighted to achieve yet another milestone in Network’s 30-year journey of creating world-class digital payments infrastructure and services for clients in the UAE and the wider region. By launching the new Business Payment Solutions for the first time, the Network aims to unlock further growth opportunities for businesses and corporations in the UAE. By making progressive inroads into the digitization of commercial payments, Network continues to contribute towards the UAE’s aspirations for a cashless economy.”

According to the statement, the new program aims to deliver better visibility and efficiency in commercial payment flows, simplifying transactions across a variety of spend categories ranging from day-to-day expenses and supplier payments to managing travel expenses and other business-to-business transactions.

J.K. Khalil, Division President, East Arabia, Mastercard commented that, “At Mastercard, we are committed to removing fragmentation and complexity from commercial payments, and we are delighted to strengthen our long-standing collaboration with Network to support commercial customers in the UAE. Building on our shared commitment to driving digitization and innovation, we are embedding Mastercard’s digital payment expertise, expense management, and card technologies into the new Commercial Card Program. By combining our capabilities and reach, more companies across UAE will be able to pay and get paid quickly and securely, boosting liquidity and removing friction from the system.”

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