Network International — BrandWiki

Network International

Overview

type	Formerly Public
traded as	Formerly lse: NETW
industry	Payment service provider
foundation	1994
location city	Dubai
location country	United Arab Emirates
key people	Ron Kalifa (Non-Executive Chairman) Murat Cagri Suzer (Chief Executive Officer)
services	Payments as a service
revenue	$490.1 million (2023)‡R1R‡
operating income	$111.4 million (2023)‡R1R‡
net income	$66.5 million (2023)‡R1R‡
owner	Brookfield Asset Management
homepage	https://www.network.ae

Network International (NI) is United Arab Emirates payment service provider headquartered in Dubai and operating primarily across the Middle East and Africa. Established in 1994 as a subsidiary of Emirates Bank, the company became one of the region's largest digital payments providers.

In September 2024, after being listed on the London Stock Exchange, it was acquired by Brookfield Asset Management. The following year, NI merged its operations with a competing provider, Magnati, creating a new entity, Network International LLC, controlled by a consortium led by Brookfield.

History

The company was founded in the United Arab Emirates as a payments subsidiary of Emirates Bank in 1994.[2] Mainly operating in the Middle East and Africa region it became the first independent vendor in the Middle East to be certified by Mastercard and Visa for payments,[3]