Network International, a top fintech company in the Middle East and Africa, and Magnati, a major payment solutions provider in the UAE, have received important approvals to merge.
A group led by Brookfield will own the new company, and the merger is expected to be finished in the third quarter of 2025.
The new merged company will serve over 250 banks, 240,000 businesses, and more than 20 million cardholders in over 50 countries across the Middle East and Africa.
It will offer a wide range of services, including digital payments, business loans, data insights, and strong security tools. The company aims to help businesses grow and will keep working with governments to support digital economies and make financial services more accessible in the region.
The new company will focus on innovation, growth, and scale, and is in a strong position to benefit from the fast-growing use of digital payments in the region. This includes mobile payments, online shopping, and international transactions.
It will offer more products and services, designed to meet the needs of all types of customers—from small businesses to large companies and government agencies. The merger will also help both companies work more efficiently and expand their operations across the Middle East and Africa.
“The combination of Network International and Magnati marks a pivotal moment in shaping the future of fintech in the Middle East and Africa,” said Murat Cagri Suzer, Group CEO of Network International. “By combining our scale, talent, deep market expertise, and strong partnerships, we are creating the region’s largest and most capable fintech platform serving businesses, keeping payments at the core of our services. We are poised to unlock long-term growth with innovation and deliver even greater value to our customers, partners, and shareholders.”
The two companies will be integrated step by step, but for now, they will continue to operate under their names—Network International and Magnati.
Network International is the largest digital payments company in the Middle East and Africa. Our goal is to help businesses and economies grow by making payments and trade easier.
We work in over 50 countries and serve governments, banks, fintechs, merchants, and public sector companies. With more than 2,500 employees, we support over 250 financial institutions and 196,000+ merchants across the region.
Magnati is a leading payment solutions company in the region, specializing in services like direct acquiring, issuer processing, and acquiring processing.
It offers smart payment platforms to governments, businesses, and institutions, using advanced technology to improve customer experience and make payments more efficient.
Based in Abu Dhabi, Magnati’s strong knowledge and partnerships help it attract global partners and set new standards for innovation in the payments industry.
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