United Arab Bank (UAB) has collaborated with Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA), for Network International’s omnichannel payment solutions (PS) in the UAE.
Industry sources added that this partnership will boost UAB to extend its corporate clients Network’s merchant acquiring, card acceptance, and payments services along with its full suite of technology-enabled payments solutions through a well-invested, secure, scalable, and integrated omnichannel approach.
Nael Mourad, Head of Wholesale Banking at United Arab Bank, stated, “We are pleased to partner with Network International, a leading acquirer in the UAE, for the provision of POS and E-commerce payment solutions to our corporate customers. This strategic collaboration represents a significant milestone for our wholesale banking product offering.”
Niraj Kumar, Head of Global Transaction Banking (GTB) at United Arab Bank, stated, “By leveraging Network International’s cutting-edge technology, we aim to enhance our clients’ payment experiences, streamline processes, and drive efficiency. Together with Network, we look forward to delivering innovative solutions that empower businesses in this era of digital disruption.”
Pankaj Kundra, Group Head of Products, Partnerships and Enterprises at Network International, stated, “We are thrilled to collaborate with United Arab Bank to support their growth strategy by providing our integrated, omnichannel payment solutions that have always been at the forefront of innovative technologies for easier, safer and secure transactions.”
He added: “The UAE is among the rapidly expanding digital payments markets in the world. As a leading digital payments company serving over 200 financial institutions and 120,000 merchants across the Middle East and Africa region, we are confident that this partnership will help United Arab Bank offer a superior value proposition to their corporate clients while enabling Network to solidify its leadership in the payments space.”
