United Arab Bank (UAB) has announced a strategic partnership with Network International, a prominent enabler of digital commerce across the Middle East and Africa (MEA). This collaboration aims to provide UAB’s corporate clients with Network International’s comprehensive suite of merchant acquiring, card acceptance, and payment services through an integrated omnichannel approach.
Nael Mourad, Head of Wholesale Banking at United Arab Bank, expressed enthusiasm about the partnership, stating, “We are pleased to partner with Network International, a leading acquirer in the UAE, for the provision of POS and E-commerce payment solutions to our corporate customers. This strategic collaboration represents a significant milestone for our wholesale banking product offering.”
The collaboration is set to enhance UAB’s payment services by leveraging Network International’s advanced technology. Niraj Kumar, Head of Global Transaction Banking (GTB) at UAB, emphasized the benefits, noting, “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.”
Pankaj Kundra, Group Head of Products, Partnerships, and Enterprises at Network International, highlighted the importance of the partnership in supporting UAB’s growth strategy. “We are thrilled to collaborate with United Arab Bank to support their growth strategy by providing our integrated, omnichannel payment solutions that have always been at the forefront of innovative technologies for easier, safer, and secure transactions,” he said.
Kundra further noted the significance of the UAE’s rapidly expanding digital payments market and expressed confidence that this partnership would enhance UAB’s value proposition for its corporate clients while solidifying Network International’s leadership in the payments space.
With this collaboration, UAB aims to provide a secure, scalable, and integrated payment solution to its corporate clients, further driving the adoption of digital payment systems in the UAE.
