JP Morgan Payments taps Network International to strengthen payments acquiring in the Middle East
JP Morgan Payments has partnered with Network International, an e-commerce enabler operating across the Middle East and Africa, to strengthen its acquiring offering.
JP Morgan Payments partners Network International. Image source: Network International
Utilising Network International’s acceptance solutions and “decades of expertise” in card processing and value-added services, JP Morgan Payments aims to “expand and complement” its existing payment offerings in the region.
Founded in 1994 and headquartered in Dubai, Network International offers tech-led payment solutions to merchants and financial institutions of all sizes. It claims to serve over 140,000 merchants and 200 financial institution and fintech customers, and manages more than 16 million customer credentials.
In April, Network was in talks about a potential £2 billion takeover with a consortium of investors.
Sandeep Dhawan, CEEMEA product head for JP Morgan Payments, says: “The Middle East forms a very crucial part of the firm’s payments growth agenda.”
Dhawan adds that the business is “investing in the region” and believes the partnership with Network will “complement our existing capabilities”.
JP Morgan Payments operates in over 160 countries and over 120 currencies and is one of the leading merchant acquirers globally by volume of transactions.
