Network International announces support measures for UAE merchant partners

Wednesday 25 March 2020 15:21 CET | News

Network International has announced a total of approximately EUR 1.2 mln (AED 5 mln) in cash and other practical relief measures for UAE merchant partners.

This comes in support of the economic stimulus packages announced earlier by the UAE’s leadership and the UAE Central Bank, to help the nation’s businesses through this period of economic uncertainty. 

As part of its support, the payments company will contribute nearly EUR 1 million (AED 3.7 million) in cash to 1,000 of its most severely impacted merchant clients operating in the SMEs sector. The contribution aims to alleviate financial pressures among the small businesses that have been affected by the ongoing Covid-19 pandemic. 

Network International comprises of a group of companies and is one of the leading enablers of digital commerce across the Middle East and Africa region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Network International, Middle East, Africa, UAE, digital commerce, payment solution, merchants
Categories: Payments & Commerce
Countries: Africa, Middle East, United Arab Emirates
This article is part of category

Payments & Commerce