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February 8, 2022

Network International, Amazon Payment Services to enhance digital payment for UAE merchants

Network International has announced a collaboration with Amazon Payment Services to enhance digital payment solutions to UAE merchants.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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The two companies plan to offer a variety of online payment solutions across a range of product verticals for businesses across the country.

Furthermore, the partnership will offer Network merchants access to Amazon Payment Services’ gateway and payment solutions, including its EPP and fraud monitoring solutions.

It will also extend Network International’s acquiring and settlement solutions to Amazon Payment Services merchants.

Network International Acquiring Partnerships group head Pankaj Kundra said: “As the largest acquirer in the UAE and the leading enabler of digital commerce in the Middle East and Africa (MEA), we remain committed to enhancing the UAE’s payment ecosystem by enhancing the security and acceptance rates of digital payments.

“We are happy to partner with a reputable Amazon brand such as Amazon Payment Services in the UAE. We look forward to working together with Amazon Payment Services to expand the fast-growing online market and support merchants looking to transition to e-commerce.”

Amazon Payment Services managing director Peter George added: “The partnership is in line with Amazon Payment Services’ customer-oriented philosophy, as we are dedicated to offering convenient, seamless and secure digital payments to merchants and customers across as many platforms as possible, in as many markets as possible.”

Last month, Network International teamed up with payment giant Mastercard to introduce Tap on Phone technology across the Middle East and Africa.

In November last year, the firm signed a memorandum of understanding with India’s NPCI International Payments to facilitate Unified Payments Interface payments in the UAE.

Last August, it joined forces with Dutch payments infrastructure company TerraPay to boost mobile wallet acceptance across the UAE.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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