Network International news and trends

CVC-Network International Deal Reportedly Worth $2.5 Billion
Acquisitions // April 16, 2023

CVC Capital Partners is reportedly in advanced talks to purchase Network International for at least £2 billion ($2.5 billion). A report by Bloomberg News on Saturday (April 15) — citing sources familiar with the matter — says French private equity firm CVC is leading a...

CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings
Acquisitions // April 13, 2023

Network International Holdings is in discussions about a sale. The provider of digital payment solutions across the Middle East and Africa has received a preliminary and conditional offer from CVC Capital Partners and Francisco Partners Funds — together dubbed “the Consortium” — Network International Holdings said in a Thursday (April...

Carrefour Rolls Out Facial Biometric Payment in UAE
Biometrics // February 10, 2023

Carrefour has enabled facial recognition as a means of verifying payments in the UAE. The retailer, which is operated as a franchise by Majid Al Futtaim in the United Arab Emirates (UAE), announced on Friday (Feb. 10) that it has teamed up with Network International...

Network International to Move Into Direct Merchant Acquiring in Egypt
Digital Payments // February 09, 2023

Network International will launch a new payment acceptance solution for merchants in Egypt. The company announced on Thursday (Feb. 7) that it has received approval from the Central Bank of Egypt to launch its new “direct-to-merchant” service in the country, enabling businesses to accept electronic...

Quick Reads
JPMorgan and Network International Partner to Improve Acquiring

September 04, 2023
J.P. Morgan Payments and Network International, a digital commerce company focused on the Middle East and Africa, have teamed up to bolster the bank’s acquiring services. The partnership will allow J.P. Morgan Payments to expand and complement its existing payment offerings in the Middle East and Africa, according to a Monday (Sept. 4) press release. […]

CVC-Network International Deal Reportedly Worth $2.5 Billion

April 16, 2023
CVC Capital Partners is reportedly in advanced talks to purchase Network International for at least £2 billion ($2.5 billion). A report by Bloomberg News on Saturday (April 15) — citing...

CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings

April 13, 2023
Network International Holdings is in discussions about a sale. The provider of digital payment solutions across the Middle East and Africa has received a preliminary and conditional offer from CVC Capital Partners and Francisco...

Carrefour Rolls Out Facial Biometric Payment in UAE

February 10, 2023
Carrefour has enabled facial recognition as a means of verifying payments in the UAE. The retailer, which is operated as a franchise by Majid Al Futtaim in the United Arab...