Network International appoints Amjad Al Sadeq as Chief Executive Officer of Jordan

Company completes integration of EMP Jordan following strategic acquisition to unveil new brand: Network International

Dubai: Network International, the leading payment solutions provider in the Middle East and Africa (MEA) has announced the appointment of Amjad Al Sadeq as Chief Executive Officer of its Jordan operations.

The appointment follows the successful integration and rebranding of Emerging Markets Payments (EMP) in Jordan as Network International, following the company’s strategic acquisition in March 2016. Through its offices in the United Arab Emirates (headquarters), Egypt, Jordan, South Africa and Nigeria, Network International will continue to expand the company’s extensive footprint in the Middle East and Africa (MEA), which currently includes more than 70,000 merchant partners and over 200 banks across 55 countries.

Amjad Al Sadeq was previously Regional Director, Bank Processing at EMP Jordan and brings over 25 years of varied experience in the payment industry with in-depth knowledge of acquiring, bank processing services, operations, electronic bill payments, e-commerce, mobile payments, EMV and security. Amjad has previously played a key role in building the main ATM switch in Jordan (JONET).

“Amjad joins us at a strategic point in Network International’s growth and expansion in the region,” said Simon Haslam, Group CEO of Network International. “His track record in managing the development of new ideas into reliable and expandable products and solutions will help us enhance our offering to clients as we continue to shape the region’s payment sector through innovative new technology and customer service. We look forward to solidifying our brand presence in Jordan by leveraging our payments expertise and infrastructure, built on global best practice.”

Added Amjad Al Sadeq, Chief Executive Officer, Network International, Jordan operations, “I am delighted to lead Network International’s team in Jordan and look forward to creating shared value for our clients. In addition to introducing new payment methods that comply with global technology innovations, Network International will seek market opportunities in sectors such as transportation, micro payments, SMEs and microfinance solutions.” 

Network International is jointly owned by Emirates NBD, one of the largest banking groups in the UAE, and global investment firms Warburg Pincus and General Atlantic. IFC, a member of the World Bank Group, and the IFC Middle East and North Africa Fund, a fund managed by IFC Asset Management Company, has a combined indirect equity investment of $30 million via the WP/GA consortium fund. Following its acquisition of Emerging Markets Payments Holdings (EMPH), Network International continues to seek strategic investments in the region to drive its expansion plans.

About Network International:
Established in 1994, Network International LLC is the largest acquirer in the UAE, and a leading payment solutions provider in the Middle East and Africa region (MEA), servicing more than 70,000 merchants and 200 financial institutions across 55 countries. The company’s service offering comprises a comprehensive range of payment products and services for both the Issuing and Acquiring segments of banks, financial institutions and retail merchants including end-to-end consultancy ranging from planning and designing to developing of new card and consumer finance products and services. In addition, the company offers several value-add products including data analytics, scoring and loyalty solutions. Network International has Operation centers in the UAE, Egypt, Jordan, South Africa and India, with its corporate head office in Dubai. The company recently acquired Emerging Markets Payments Holdings Limited (EMPH) and continues to invest in strategic partnerships that will increasingly see its influence spread across the region.

As the first independent vendor certified by both Visa & MasterCard for card payments in the Middle East, Network International is a Principal Member of Visa International and MasterCard International in the UAE and enjoys extension of its MasterCard License in other key countries. It is also a member of JCB and Union Pay card schemes, and it owns and manages the Diners Club International Franchise in the UAE, Egypt, Lebanon and Jordan. The company also launched a GCC-based domestic scheme, Mercury, and partnered with Discover Financial Services (DFS) to allow global acceptance of Mercury cards on the Discover, Diners Club International and PULSE networks. Network International is a Payment Card Industry Data Security Standard (PCI DSS) certified company.

For further information on Network International, please contact:
Tricia Kaul
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: tricia.kaul@bm.com; shaleen.sukthankar@bm.com

© Press Release 2017