JP Morgan Payments has partnered with Network International, an e-commerce enabler in the Middle East and Africa, to enhance its payment services in the region.
Facts
- JP Morgan Payments has formed a partnership with Network International, an e-commerce enabler operating in the Middle East and Africa.
- They plan to utilize Network International’s acceptance solutions and expertise in card processing to expand their payment offerings in the region.
- Network International, headquartered in Dubai and established in 1994, provides tech-driven payment solutions to a wide range of merchants and financial institutions, serving over 140,000 merchants, and 200 financial institutions, and managing 16 million customer credentials.
- In April, Network International was in discussions for a potential £2 billion takeover by a consortium of investors.
- Sandeep Dhawan, CEEMEA product head for JP Morgan Payments, emphasizes the importance of the Middle East in their payment growth strategy and anticipates that the partnership with Network International will complement its existing capabilities.
- JP Morgan Payments operates globally in 160+ countries, supporting transactions in over 120 currencies, making it one of the leading merchant acquirers worldwide by transaction volume.
