Announcement follows successful integration of EMP Jordan after strategic acquisition last year

Amjad Al Sadeq appointed Chief Executive Officer of Network International operations at Jordan

Amman: Emerging Markets Payments (EMP) in Jordan has announced that it has been rebranded as Network International.    

At a press conference held in the Jordan Intercontinental Hotel on Sunday (October 15, 2017), EMP announced its successful integration and rebranding, following the company’s strategic acquisition by Network International, the leading payment solutions provider in the Middle East and Africa (MEA), in March 2016. EMP Jordan (which will now operate under the brand Network International) has more than 150 merchant, retail, and hotel partners, in addition to seven banks as clients in the Kingdom. 

Further, Amjad Al Sadeq has been appointed as Chief Executive Officer of Jordan operations for Network International. Al Sadeq was previously the Regional Director of 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. Previously, Amjad played a key role in building the main ATM switch in Jordan (JONET).

“Unveiling the Network International brand in Jordan marks a strategic milestone in our regional growth plans. Our presence in Jordan, a key market in the MEA region, is important as the Jordanian market is experiencing rapid growth in the adoption of electronic payment methods,” said Samer Soliman, Managing Director of Group Acquiring and Chairman of Network International in Jordan. “By strengthening our investment in Jordan through leveraging our payments expertise and infrastructure, built on best global

practice, we are contributing to the Kingdom’s economic development. Furthermore, the appointment of Amjad Al Sadeq in Jordan with his track record in transitioning the development of new ideas into highly reliable and scalable 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.”  

Amjad Al Sadeq, Chief Executive Officer of Network International, Jordan operations, added, “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), the company continues to seek strategic investments in the region to drive its expansion plans.

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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 merchant partners 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 Nigeria, 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:
Rola Hamarneh
ASDA’A Burson-Marsteller
Amman, Jordan
Tel: 077760 9222 
Email: r.alhamarneh@asdaa-amman.com

© Press Release 2017