Service to help expand du's reach and increase revenue for Network International merchants
Network International LLC (NI), the largest acquirer in the UAE and the preferred card solutions provider in the region, recently signed a contract to be a provider of electronic voucher service (e-voucher) for du, the UAE’s integrated telecom service provider. Network’s e-voucher service will enable merchants to generate recharge PINs using Network Credit Card terminals for recharging du prepaid mobile connections and Homephone Recharge service. The new e-voucher service, already available at select retailers, will also enable du to expand their distribution network in the UAE.
“We are extremely pleased to be associated with du, who are at the forefront of telecommunications technology in the region and a key operator with a large and growing market share in the UAE. NI has the tools and technology to give du’s customers and distributors more convenience, flexibility and reach. This strategic partnership will be of great benefit to both companies, as well as the general public,” said Mr. Abdulla Qassem, Chairman Network International.
With the launch of this service, merchants and retailers will benefit from a fully automated solution requiring no additional investment from merchants already using Network Credit Card terminals. Merchants will not have to maintain a physical inventory of du recharge cards, as the e-voucher service can be accessed through existing Network International POS terminals.
“We at Network International believe in bringing value-added services to the merchants, which ultimately benefits end consumers. The e-voucher is one of the many initiatives we have introduced to continuously enhance our service offerings and achieve operational excellence with our commercial partners.” said Mr. Ram Chari, CEO, Network International.
du has a huge customer base that is spread across the UAE. The introduction of the e-voucher is expected to significantly enhance du’s reach even in remote areas, as well as guarantee the subscribers' ability to recharge their prepaid lines and enjoy the freedom of using the du service anywhere and anytime.
“The launch of e-voucher demonstrates du’s commitment to offer convenience to customers and continually facilitate and optimize their mobility experience. We understand that people lead busy lives, so we want to make the recharging experience as quick and easy as possible. With the launch of e-voucher, we will substantially increase our recharge network, therefore becoming even more accessible to our customers,” commented Farid Faraidooni, chief commercial officer, du.
Coordinated electronically between Network International and du, the e-voucher will facilitate a much faster supply and handling of prepaid recharge credit without the need for traditional, physical cards.
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About Network International:
Established in 1994, Network International LLC is the largest acquirer and one of the leading payment solutions providers in Region geared to meet the needs of Banks, Financial institutions, and large and individual retailers. It is a Principal Member of Visa International and MasterCard International for the UAE, offering customers the most comprehensive range of payment products and services in the Gulf and MENA region, for both the Issuing and Acquiring segment of the card payment industry. Offerings include credit and debit card processing services, ATM management and monitoring, merchant acquiring plus consumer finance applications. Network International provides consultancy services ranging from planning and designing, to developing of new card and consumer finance products and services.
Network International is the first independent vendor certified by both Visa & MasterCard for card payments in the Middle East. It is UAE’s largest payment acquirer for Credit & Debit Cards and the largest third-party processing vendor which is capable of providing banks, the retail industry and financial institutions with complete EMV certified solutions as they migrate to EMV Smart Card technology.
For further information about Network International, please contact
Sana Lababidi
Raee Public Relations
Tel: +971 4 3415558
Fax: +971 4 3415559
Email: Sana@raeepr.com
© Press Release 2010
