UAE’s Network International (Network) and Huawei have partnered to provide end-to-end card processing and managed payment services for a financial services customer.
Network will support customers in the market by providing omnichannel digital payment offerings, including card issuing and acquirer processing services, transaction switching capabilities, as well as value-added services.
The payment solutions provider will facilitate the transition of institution, fintech and mobile financial services players to a digital-first approach, generating faster payments and adding convenience for customers.
“Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients in the region,” Nandan Mer, Group Chief Executive Officer at Network International.
Network’s card processing solutions in tandem with Huawei’s technology have enhanced the ability of a new payments player that has entered the payments market to explore and capitalise on new revenue-generating avenues, including value-added services like cardholder self-service, control applications, and loyalty services.
“As a leading digital payments company in the region, we are delighted to be selected as the partner of choice by a leading technology company such as Huawei. The last three years have witnessed a dramatic shift in consumer attitudes towards digital payments, leading to higher demand and expectation for seamless digital interactions,” said Navneet Dave, Managing Director and co-head of Processing – Middle East, Network International.
The company has a comprehensive bouquet of payment services including virtual cards, tokenisation, and world-class fraud prevention, among other solutions.
Huawei provides all-in-one service offerings, based on HMS Core device and cloud capabilities, facilitating digital players in retail banking, digital wallet, and wealth management app development in the finance industry, characterised by an enhanced user experience and improved operations efficiency.