Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic referral partnership with Policybazaar.ae, the UAE’s foremost financial services aggregator. This collaboration aims to provide affordable insurance policies to Network International’s extensive merchant base.
Through this partnership, Network’s merchant customers will have the opportunity to purchase insurance policies via the Network Expense Hub portal, a real-time payment and expense tracking dashboard. Merchants who sign up for the Network Expense Hub will benefit from more than just payment solutions; they will also gain access to comprehensive data solutions and value-added services.
The Network Expense Hub, free of charge for Network’s merchant partners, is an intuitive dashboard designed for efficient expense management. It offers transaction visibility through real-time reports, flexible payment options, and effortless payments to multiple beneficiaries.
Ronen Spivak, Group Head of Value-Added Services (VAS) – Acquiring, at Network, commented on the partnership: “Network has always been at the forefront of introducing diverse and innovative data solutions and value-added services for our merchants. The Network Expense Hub is a remarkable tool for making business expenses easier, more transparent, and secure. By partnering with Policybazaar.ae, we are adding a critical service to protect businesses from risk. Given the recent floods and the resultant damages to many businesses in the UAE, we believe insurance is a valuable addition to the services offered by the Network Expense Hub.”
Neeraj Gupta, CEO of Policybazaar.ae, expressed his enthusiasm for the collaboration: “At Policybazaar.ae, we are committed to driving innovation and delivering superior value to our customers. Our partnership with Network International marks a significant milestone in enhancing the SME Insurance ecosystem. Through this collaboration, we will showcase our superior SME Insurance solution, enabling completely digital end-to-end online transactions. This partnership is designed to ensure that SMEs have the right prerequisites to thrive in a competitive market, providing them with seamless, efficient, and secure insurance solutions. Together, we are fostering an environment where SMEs can flourish, leveraging cutting-edge technology to streamline operations and drive growth. We are excited about the opportunities this partnership presents and remain dedicated to empowering SMEs with the tools they need for sustainable success.”
With around 60,000 merchants in the UAE and over 120,000 merchants across the region, spanning sectors such as high-end retail, hospitality, electronics, jewellery, and hypermarkets, Network International’s new offering is set to provide significant benefits to a wide array of businesses.
