Network International Launches Payment Platform ‘Network One’ in Nigeria

Network International, a payment solutions provider, has launched its cutting-edge “Network One” platform in Nigeria, in compliance with Central Bank of Nigeria (CBN) regulations of data residency and data processing.

Network One is a highly scalable, resilient, and cost-effective suite of technology capabilities for issuing physical and virtual debit, credit, prepaid, and commercial payment solutions (Amex, Mastercard, Verve, and Visa) supported by world-class risk management and loyalty solutions. The digital payment platform is helping the local and regional markets to thrive in a challenging environment.

Commenting on the launch of payment its platform in Nigeria, the company’s group CRO Nandan Mer said,

“This major milestone took us only a few months to deploy thanks to a local team that worked tirelessly and seamlessly with cross-functional colleagues in various geographies to ensure we deliver on Network One’s promise of innovation, resilience, and agility. Taking Network One live in Nigeria is integral to our company’s continued commitment to the country and the continent.”

For over 30 years, Network International has delivered innovative solutions that drive revenue and profitability for our customers and help businesses and economies prosper by simplifying commerce and payments. The company has grown from strength to strength to become the largest acquirer in the UAE and the leading enabler of digital commerce in the Middle East and Africa (MEA) region.

The company provides a robust suite of payment products and services that are on the cutting edge of technology development. In 2023, it processed $59+ billion in payment volumes for more than 130k merchants and processed over 1.6 billion transactions on 18+ million payment credentials for over 250 financial institutions.

With operation centers in the UAE, Egypt, Jordan, KSA, South Africa, and Nigeria, and the corporate head office in Dubai, Network is positioned to stay abreast of the fast-evolving payments industry and to continue developing solutions for emerging opportunities