Network International Archives - Lanka Business News

March 11, 2022

Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 CAIRO, Egypt, March 9, 2022/APO Group/ — Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by […]

February 18, 2022

Hany will be responsible for leading and growing Network’s client-focused business unit servicing financial institutions, fintechs and payment partners across all geographies served by the Group DUBAI, United Arab Emirates, February 17, 2022/APO Group/ — Network International (Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA), has […]

January 21, 2022

DPO continues to trade strongly, with their revenue performance for the year representing an acquisition revenue multiple of less than 11x CAIRO, Egypt, January 20, 2022/ — Q4 revenue [1] up 30% y/y driven by spending recovery in the UAE; Continued strong growth at newly acquired DPO group […]

October 28, 2021

Strong trading in the UAE combined with the launch of a wide range of new capabilities; remain confident in achieving full year expectations and longer-term growth aspirations DUBAI, United Arab Emirates, October 28, 2021/ — Issuer Solutions business update: Saw 2% revenue growth compared with Q3 2019, where the 2019 period was a reasonably strong comparator […]

September 30, 2021

Network’s new strategic vision is enabled by a business model transformation, both operationally and culturally DUBAI, United Arab Emirates, September 29, 2021/ — Ambition to be the fastest-growing and most innovative customer centric payments company in Africa and the Middle East; New strategy enabled by business model transformation providing the platform for accelerated growth; Expect […]

August 9, 2021

Renewed agreement to cover increase in capacity for card issuance and ATM processing LAGOS, Nigeria, August 9, 2021/ — WEMA Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa and the Middle East. […]

Network International delivers on high growth strategy with 2021 revenue growth of 24% and underlying EBITDA growth of 27%

Network International appoints Hany Fekry as Group Managing Director – Processing

Network International’s FY21 revenue ahead of market expectations; Continued strong growth at newly acquired DPO group in Africa

Network International reports 19% revenue growth in Q3

Network International announces new strategic vision to accelerate MEA growth and completes the acquisition of DPO Group

Nigeria’s WEMA Bank expands long-term business agreement with Network International