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Dubai: Network International, the leading payment solutions provider in the MENA region, today announced that it has won the prestigious 2015 Sheikh Khalifa Excellence Award - Silver category. The award recognises the company's stellar performance and growth across business lines in recent years.
The award was presented by His Highness Sheikh Hamed Bin Zayed Al Nahyan, Chairman of the Crown Prince Court of Abu Dhabi, to Abdulla Qassem, Chairman of Network International, at a distinguished ceremony held yesterday 8 December, 2015, in Abu Dhabi.
Speaking on the side-lines of the ceremony, Abdulla Qassem said: "We are honoured to receive this significant award as it recognises Network International's transformation journey over the years into the region's most innovative and leading payment solutions provider, with world-class products, services and operations."
The leading acquirer and card payments processor in the Middle East and Africa, 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. The company provides services across the entire payments ecosystem with a focus on merchant acquiring services, in which it processes transactions for small, medium and large merchants in the region covering online, offline and mobile, and issuing processing services, in which it processes more than 50 per cent of all transactions across the UAE.
In addition, the company offers a number of innovative, tech-enabled solutions to its clients including prepaid and loyalty solutions, and is a major player in the international remittances industry, owning a major stake in global digital payments specialist TimesofMoney.
Commenting on the award, Bhairav Trivedi, CEO of Network International stated: "This is an exciting time for Network International as we grow and expand our footprint, making the Sheikh Khalifa Excellence Award a timely validation of our leading position in the regional payments sector. As an increasing number of individuals and businesses in the region transition from cash to digital payment solutions, we can expect to see continued evolution in the payments landscape. With a firm focus on innovation and service, Network International is well positioned to capitalise on this growth."
The Sheikh Khalifa Excellence Award (SKEA) was launched by the Abu Dhabi Chamber of Commerce & Industry (ADCCI) in 1999 as a blueprint, a roadmap and a methodology for continuous improvement aimed at enhancing the competitiveness of the business sector in Abu Dhabi and the UAE. Over the long history of SKEA more than 10,000 organisations in the UAE have used its model of excellence and hundreds of them annually participate in its assessment cycles.
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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 North Africa region (MENA). 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. This includes credit, debit and prepaid card processing, ATM management and monitoring, merchant acquiring and processing, fraud management, e-commerce services and mobile solutions for the payments industry, with the objective of enabling speedy, secure and convenient payment transactions for customers. 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 and India, with its corporate head office in Dubai. The company continues to invest in strategic partnerships that will increasingly see its influence spread across the region.
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. In 2013, the company 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, a Payment Card Industry Data Security Standard (PCI DSS) certified company, is also a major player in the international remittance industry and owns a majority stake in TimesofMoney Ltd., a leading global online remittance and digital payments company facilitating cross-border remittances and domestic payments in emerging economies.
For further information on Network International, please contact:
Tricia Rego
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: tricia.rego@bm.com
© Press Release 2015
