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Leading card payment processor to offer data-driven insights to region's banks
Dubai: Network International, the leading payment solutions provider in the Middle East and Africa (MEA) has launched N-Advisors, an analytics and consulting product offering to service its more than 200 banking clients across the 55 countries in which it operates.
As several countries within the MEA region transition and mature to non-cash based economies, N-Advisors will play a key role in assisting banks achieve shared goals including growing the market for and usage of cards, building transaction volumes and balances and maximising customer retention.
A first-of-its-kind solution amongst card processors in the MEA, N-Advisors will leverage Network International’s position as the region’s leading card payment processor to offer data-driven insights and benchmarks, advanced analytics, predictive modelling and customer treatment strategies, all supported by world-class, tailor-made consulting recommendations. Network International currently processes nearly 800 million transactions annually across markets, on behalf of its acquiring and issuer processing clients.
“I am very excited by this new client offering which I believe will significantly differentiate us from our processing peers,” said Simon Haslam, Group CEO of Network International. “The regions in which we operate are relatively underserved by traditional consulting and analytics companies. The data that Network International processes is unrivalled and makes us uniquely placed to provide our clients with best-in-class consulting recommendations underpinned by data-driven portfolio insights and predictive analytical solutions. ”
N-Advisors comprises card experts from both mature and emerging markets with deep domain expertise across the credit lifecycle and a detailed understanding of credit card processing technologies.
Added Paul Clarke, Head of Product & Innovation, Network International, “The data that we process offers accurate and timely insights on consumer spending behaviour and patterns. When complemented with our predictive models and decisioning tools and expert analysis, we are able to offer our clients unparalleled intelligence to support their credit and customer decisioning processes.”
The launch of N-Advisors follows Network International’s growth strategy with vertical and geographical expansion across its core Middle East and African markets.
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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:
Tricia Kaul
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: tricia.kaul@bm.com
