Dubai: Network International, the leading payment solutions provider in the Middle East and Africa region, has partnered with Alipay, one of the world’s largest online and mobile payment platforms, to provide seamless payment services to Chinese shoppers in the UAE.
Network International will act as both settlement partner (merchant acquirer) and solution provider for mobile-based transactions via Alipay at points of sale and for online purchases. Alipay will soon be available on Network International’s new N-Genius™ payment platform that is aimed at revolutionising the way businesses manage and accept payments. N-Genius can facilitate multiple payment methods on just one device, so there is no need for merchants to invest in a separate machine to accept Alipay.
Alipay’s presence in UAE coincides with the growing influence of digital-savvy Chinese consumers on the country’s retail and tourism sectors. Dubai is among the most favoured destinations for Chinese travellers and the availability of preferred mobile payment options such as Alipay is set to be a big draw for Chinese buyers.
During Chinese President Xi Jinping’s recent three-day visit to the UAE this month, the UAE leadership acknowledged the need to further strengthen trade and economic integration between the two countries. The partnership between Alipay and Network International complements the UAE’s commitment to extend its support to Chinese visitors and those working and doing business in the Emirates.
“As mobile payment methods gain popularity in the UAE, we are delighted to support Alipay, the preferred payment method for over 520 million Chinese shoppers,” said Paul Clarke, Group Head of Product & Innovation, Network International. “Developing the nation’s payment ecosystem is among the main pillars of our commitment to enable commerce in the UAE and we look forward to supporting our merchant partners and Chinese consumers as they transact via Alipay.”
Today’s announcement is aligned with Network International’s mission to enable commerce in the region by introducing innovative payment technologies and solutions for easier, safer and secure payment transactions.
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About Network International:
Established in 1994, Network International LLC is the largest acquirer in the UAE, and a leading payment solutions provider in the Middle East and Africa region (MEA), servicing more than 70,000 merchants and 200 financial institutions across 55 countries. The company’s service offering comprises a comprehensive range of payment products and services for both the Issuing and Acquiring segments of banks, financial institutions and retail merchants including end-to-end consultancy ranging from planning and designing to developing of new card and consumer finance products and services. In addition, the company offers several value-add products including data analytics, scoring and loyalty solutions. Network International has Operation centers in the UAE, Egypt, Jordan, South Africa and India, with its corporate head office in Dubai. The company recently acquired Emerging Markets Payments Holdings Limited (EMPH) and continues to invest in strategic partnerships that will increasingly see its influence spread across the region.
As the first independent vendor certified by both Visa & MasterCard for card payments in the Middle East, Network International is a Principal Member of Visa International and MasterCard International in the UAE and enjoys extension of its MasterCard License in other key countries. It is also a member of JCB and Union Pay card schemes, and it owns and manages the Diners Club International Franchise in the UAE, Egypt, Lebanon and Jordan. The company also launched a GCC-based domestic scheme, Mercury, and partnered with Discover Financial Services (DFS) to allow global acceptance of Mercury cards on the Discover, Diners Club International and PULSE networks. Network International is a Payment Card Industry Data Security Standard (PCI DSS) certified company.
For further information on Network International, please contact:
Tricia Kaul | Vinisha Khatwani
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600 Fax: 971-4-4358040
Email: tricia.kaul@bm.com; vinisha.khatwani@bm.com
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