- Network International and Magnati Obtain Required Licenses to Complete Merger Deal
- The merger, led by Brookfield, aims to strengthen the region’s digital payments sector and financial technology capabilities.
Network International and Magnati, two leading companies specializing in digital payment solutions and financial technology, have obtained the key regulatory approvals required to complete their planned merger.
The integration will be carried out under a unified entity owned by an investment consortium led by global firm Brookfield, in a deal set to reshape the digital payments landscape in the region and unlock new opportunities for sustainable growth and innovation in the financial services sector.
Supporting Digital Payments in the MENA
The merger is expected to deliver significant operational efficiencies by integrating systems, human resources, and technological infrastructure, while also boosting operational performance and the capacity to develop innovative solutions.
It will expand both companies’ geographic reach into new markets and deliver enhanced services to customers across the Middle East and Africa, where demand for secure, digital payment solutions is rising sharply amid accelerating digital transformation across industries.
Merger Details
The merged entity will become the largest of its kind in the region, with annual payment volumes exceeding USD 400 billion. It will serve over 250 financial institutions, 240,000 businesses, and more than 20 million cardholders across 50+ markets in the Middle East and Africa, solidifying its position as a major player in the regional fintech sector.
Comprehensive and Innovative Solutions
The unified company will offer a comprehensive suite of innovative solutions, including digital payment services, advanced data analytics, small business financing, and cutting-edge fraud prevention and cybersecurity capabilities.
It will also support businesses in their digital transformation efforts and promote financial inclusion through close collaboration with governments and financial institutions across diverse markets, aligning with the region’s broader development goals.
Strategy Focused on Sustainable Growth
The new entity’s strategy centers on driving innovation, expanding service offerings, and achieving sustainable growth, capitalizing on the rapid adoption of digital payment solutions by both consumers and merchants. This includes mobile payments, e-commerce transactions, and cross-border payments—all of which are experiencing robust growth across the region.
Tailored Services for All Customers
The merger will enable the design of an extensive portfolio of products and services tailored to meet the needs of diverse customer segments—from small and medium-sized enterprises to large corporations and government entities.
It will also enhance the companies’ ability to deliver flexible and innovative solutions that improve the payment experience and streamline business operations more securely and efficiently.
Phased Integration Plan
The integration process will be implemented in phases to ensure a smooth transition and maximize operational efficiency.
Both companies will continue to operate under their existing brands, Network International and Magnati, for the time being.
The merger is expected to be fully completed by the third quarter of 2025, paving the way for a new era of collaboration and growth in the region’s financial technology sector.
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