Network International to acquire merchant acquiring business in the UAE of RAKBANK.

Network International, a provider of secure payment and fintech solutions, agreed to acquire the merchant acquiring business in the UAE of RAKBANK, a provider of personal and business banking services. Financial terms were not disclosed. “Serving businesses in more than 50 countries enables us to continually strengthen our platform and bring world-class solutions to the UAE. With this partnership, we look forward to bringing the best payments technology and data capabilities to RAKBANK’s customers and supporting their growth story. We also see significant upside in Ras Al Khaimah, where economic diversification and pro-business reforms are creating strong momentum, and we aim to be a long-term partner in its development and a catalyst for innovation across the wider UAE and MEA region,” Murat Cagri Suzer, Network International GCEO.