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Network International and Magnati merge to create the leading fintech across the Middle East & Africa
['Africa Press Release']
Zawya.com - All Regional News
Network International (www.Network.ae), a leading fintech company across the Middle East and Africa (MEA), and Magnati, a leading payment solution provider in the UAE, today announced the completion of their strategic merger under the ownership of a Brookfield-led consortium.
The merged entity will operate under the name Network International LLC.
Hadi Badri, Chairman of the Board, Network International, said, “This merger creates a UAE homegrown fintech champion for the Middle East and Africa region with attractive opportunities for growth and innovation.
Media Contacts:Corporate CommunicationsNetwork InternationalDubai, UAETel: +971 4 303 2431Email: lambert.espedido@network.globalCarole HelouBurson, UAETel: 971-4-4507600;Fax: 971-4-4358040Email: carole.helou@bursonglobal.comAbout Network International:Network International is the Middle East and Africa’s leading fintech company.
About Magnati:Magnati is a regional leader in the payment solutions industry focused on direct acquiring, issuer processing, and acquiring processing.