Who is the Owner of Network International | Payment Solutions Wiki

Network International is the Middle East and Africa’s leading payment solutions provider, enabling merchants and banks to accept and process digital payments across the region. Founded in the UAE in 1994, Network International has processed billions of dollars in card transactions and operates across more than 50 countries, connecting thousands of merchants with major global card networks including Visa and Mastercard.

Who Owns Network International?

Network International was acquired by Brookfield Asset Management — a major Canadian global alternative asset manager — in 2023. The acquisition took the company private after it had been listed on the London Stock Exchange (LSE: NET) since its IPO in 2019. Brookfield paid approximately £2.2 billion (around $2.8 billion) for the company. Prior to the Brookfield acquisition, Network International was majority-owned by Emirates NBD (the Dubai government-linked bank) and private equity firm Warburg Pincus, with the remainder publicly traded on the LSE.

History and Background

Network International was founded in 1994 as a payment processing and technology company serving banks and merchants in the UAE. The company grew alongside the UAE’s rapid economic development and digital adoption, becoming the dominant player in payment infrastructure for the Middle East. It expanded into Africa through its acquisition of DPO Group in 2021, significantly broadening its footprint across 50+ countries. The company listed on the London Stock Exchange in 2019 in one of the largest fintech IPOs at the time.

Products and Services

Network International provides merchant acquiring services (enabling businesses to accept card payments), card issuing and processing solutions for banks, digital commerce enablement, payment gateway services, and ATM management. The company processes transactions for thousands of retailers, restaurants, hotels, and government agencies across the Middle East and Africa.