United Arab Bank (UAB) has entered into a strategic partnership with Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA).
This collaboration aims to enhance UAB’s corporate client services through Network International’s state-of-the-art omnichannel payment solutions in the UAE.
Through this partnership, UAB will provide its corporate clients with Network International’s merchant acquiring, card acceptance, and payments services.
Additionally, clients will benefit from a comprehensive suite of technology-enabled payment solutions, ensuring secure, scalable, and integrated omnichannel experiences.
Nael Mourad, Head of Wholesale Banking at United Arab Bank, expressed enthusiasm about the partnership. “We are pleased to partner with Network International, a leading acquirer in the UAE, to provide POS and e-commerce payment solutions to our corporate customers. This strategic collaboration marks a significant milestone in our wholesale banking product offering,” Mourad stated.
Niraj Kumar, Head of Global Transaction Banking (GTB) at United Arab Bank, highlighted the technological advantages this partnership brings. “By leveraging Network International’s cutting-edge technology, we aim to enhance our clients’ payment experiences, streamline processes, and drive efficiency.
Together with Network, we look forward to delivering innovative solutions that empower businesses in this era of digital disruption,” Kumar said.
Pankaj Kundra, Group Head of Products, Partnerships, and Enterprises at Network International, also commented on the partnership’s potential.
“We are thrilled to collaborate with United Arab Bank to support their growth strategy by providing our integrated, omnichannel payment solutions. Our technologies have always been at the forefront of innovation, ensuring easier, safer, and more secure transactions,” Kundra noted.
Kundra further emphasized the significance of the UAE’s rapidly expanding digital payments market. “As a leading digital payments company serving over 200 financial institutions and 120,000 merchants across the Middle East and Africa, we are confident that this partnership will help United Arab Bank offer a superior value proposition to their corporate clients, while enabling Network to solidify its leadership in the payments space,” he added.
This partnership positions United Arab Bank to deliver enhanced payment solutions, driving efficiency and innovation for businesses amidst the evolving digital landscape.
