Network International Dubai — Payment Methods — Akurateco
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Network International Dubai

Network International (NI) Dubai is a trusted financial organization that specializes in payment solutions. The company has been working for over 20 years in the market. The platform’s experienced team helps to take the leading position in this industry of the region. The official website states that the company has more than 50% of the market in Jordan and the United Arab Emirates. At this, NI serves more than 80K customers. 

NI history

The company was established in 1994 as a fully owned subsidiary in the UAE. Actually, it was the formation or a division of Emirates Bank International that is now known as Emirates NBD. Initially, the facility was a simple merchant acquirer and processor. In 2003, the company launched the service of third party processing for financial institutions. A year later, it started operations in Oman, Egypt, Lebanon, Kuwait, and African countries. In 2006, the platform became a pioneer that introduced real-time acceptance features for the merchants of the Arab Emirates, serving them through POS terminals on the basis of GPRS technology. In 2013, it became the first in UAE that launched mPOS devices, and, in 2014, a dedicated e-commerce solution was offered to customers that became the first in the region. Since the company purchased Emerging Markets Payments in 2016, it expanded its presence to 50 countries. After the introduction of innovative NGenius payment platform for local companies in 2018, it decided to run for IPO at London Stock Exchange, where it sold 40% of its shares in 2019.

In 2019, the platform launched a self-serving portal. During the COVID-19 period, when online debit card spending at supermarkets increased 36%, and credit card spending also grew 20%, the spend growth rate via POS and e-commerce stores approximately doubled. It increased the demand for cashless payments and affected the demand for NI services in UAE. Being the largest merchant acquirer in the country, as well as the largest payment solutions company in the region, NI platforms offered the agility to build peerless customer experiences for merchants. 

Why choose the platform

NI is pursuing the goal to simplify payments and commerce of businesses and help the economies to prosper. The platform is trying to become the fastest-growing and the most innovative company in the MEA region with a client-oriented approach. 

The company processes over 800 million transactions per year. However, the potential of its robust and strong infrastructure is bigger. As the developers state, the capacity of the system can cope with two times larger capacity. 

The platform is recommended to all businesses that want to expand the MEA (Middle East and Africa) presence. The company meets all requirements of growing businesses and easily adjusts to a larger turnover. NI helps small and medium-sized companies to reach their growing aspirations. 

The customer support team works without holidays and days off. The world-class service is provided round-the-clock. Hiring best experts, the company managed to transform its global team that made the platform innovative and competitive in the market. The team monitors and makes reports on all systems employed by the facility. 

Thanks to digital onboarding, customers can accept payments faster. Serving medium-sized and large businesses, the company provides the assistance of a dedicated account manager. So, it is not surprising that even the most fastidious customers select the platform. 

NI benefits

  • Full integration of merchants’ systems into the payment platform;
  • Multi-lane environment enabling fast transactions completion;
  • Contactless payments for Visa VEPS, MasterCard QPS;
  • The capability to accept payments and manage stocks from the same device;
  • Numerous payment options;
  • Cost-efficiency of payments due to the lack of the third party.

The platform employs the intuitive payment technology that delivers simple and seamless shopping for online customers. The merchants’ customers can enjoy a secure and pleasant experience when buying products.

 

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