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Emirates NBD, Network International extend shared services agreement

Emirates NBD, Network International extend shared services agreement
The Emirati bank is a shareholder in Network International
Emirates NBD
EMIRATESNBD
-3.39% 9.40 -0.33

Dubai – Mubasher: Emirates NBD has extended its shared services agreement with Network International, a digital commerce enabler in the Middle East and Africa (MEA).

By renewing the agreement, the Emirati bank, a shareholder in Network International, will continue to offer shared services, including data hosting and finance and HR support to the Dubai-based payments company.

The extended agreement was reached after Network had announced in 2019 a 5-year contract renewal to provide issuer solutions services to Emirates NBD and Emirates Islamic.

Meanwhile, the Group CEO of Network International, Simon Haslam, said: "In addition to being our valued and long-standing client, Emirates NBD continues to offer Network International best-in-class support and services that ensure we remain the payments partner of choice to the issuer and merchant clients across the MEA region.”

The Senior Executive Vice President & Head - Retail Banking & Wealth Management, Suvo Sarkar, noted: "As the leading cards issuer in the UAE, we rely on Network’s unparalleled expertise and experience in delivering market-leading payment products that support our value-proposition and offering to customers."