Mubasher: Network International has discussed plans for an expected organic growth in the Middle East region at its 11th Partner Meet that was held recently in Prague, according to a recent statement.
Network International, which is a leading payment solutions provider in the Middle East and Africa (MEA), addressed its merchant and financial institution partners on opportunities in the regional payments industry.
The Dubai-based company has confirmed a bullish projection on its organic and expansion plans in the region.
The statement noted that the plans come against the backdrop of card volume and non-cash payment transactions growing year on year since 2011 at an annual rate of 10%, to nearly 16 million in 2016 from 10 million.
“As the $5 trillion global payment industry experiences disruptive changes, we anticipate exponential growth in the MEA region,” managing director – Middle East at Network International, Samer Soliman, said in the 11th Partner Meet.
It is noteworthy that Network International will be playing a key role as a payment solutions provider at Expo 2020 Dubai, where Emirates NBD Group will be a Premier Partner. The bank is Network International’s majority shareholder.
Samer Soliman added: “A confluence of factors including a majority tech-savvy demographic, proactive government policies, the coming-of-age of mobile POS in a region with high mobile penetration rates, and the emergence of a bilateral payments environment where anyone can be a merchant, and every device can accept payments, are all edging us towards an increasingly cashless society.”
