Network International Archives

March 11, 2022

Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 CAIRO, Egypt, March 9, 2022/APO Group/ — Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by […]

February 18, 2022

Hany will be responsible for leading and growing Network’s client-focused business unit servicing financial institutions, fintechs and payment partners across all geographies served by the Group DUBAI, United Arab Emirates, February 17, 2022/APO Group/ — Network International (Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), has […]

January 21, 2022

DPO continues to trade strongly, with their revenue performance for the year representing an acquisition revenue multiple of less than 11x CAIRO, Egypt, January 20, 2022/ — Q4 revenue [1] up 30% y/y driven by spending recovery in the UAE; Continued strong growth at newly acquired DPO group […]

October 28, 2021

Strong trading in the UAE combined with the launch of a wide range of new capabilities; remain confident in achieving full year expectations and longer-term growth aspirations DUBAI, United Arab Emirates, October 28, 2021/ — Issuer Solutions business update: Saw 2% revenue growth compared with Q3 2019, where the 2019 period was a reasonably strong comparator […]

September 30, 2021

Network’s new strategic vision is enabled by a business model transformation, both operationally and culturally DUBAI, United Arab Emirates, September 29, 2021/ — Ambition to be the fastest-growing and most innovative customer centric payments company in Africa and the Middle East; New strategy enabled by business model transformation providing the platform for accelerated growth; Expect […]

August 9, 2021

Renewed agreement to cover increase in capacity for card issuance and ATM processing LAGOS, Nigeria, August 9, 2021/ — WEMA Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa and the Middle East. […]

April 5, 2021

DUBAI, United Arab Emirates, April 5, 2021 Network International (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the appointment of Egyptian national Hany Fekry as Regional President – Northern and Sub-Saharan Africa. In his new role, Hany will be responsible for all aspects of Network’s […]

Network International delivers on high growth strategy with 2021 revenue growth of 24% and underlying EBITDA growth of 27%

Network International appoints Hany Fekry as Group Managing Director – Processing

Network International’s FY21 revenue ahead of market expectations; Continued strong growth at newly acquired DPO group in Africa

Network International reports 19% revenue growth in Q3

Network International announces new strategic vision to accelerate MEA growth and completes the acquisition of DPO Group

Nigeria’s WEMA Bank expands long-term business agreement with Network International

Appointment of Regional Head will help drive greater digital payments adoption across Northern and Sub-Saharan Africa