Network International has announced a strategic partnership with the National Union Bank (NUB) of Libya, a collaboration designed to modernise the country’s banking sector and expand access to innovative, secure financial services. This marks an important milestone for Libya’s financial industry as it continues to push towards a more inclusive, digitally enabled banking environment.
The agreement comes at a critical time, following calls from the Governor of the Central Bank of Libya, Naji Mohammed Issa, for greater efforts to expand electronic payment services and promote instant payment solutions. The country has already shown promising growth in digital adoption, with point-of-sale terminals increasing by 92% and electronic transactions growing by 75% in the first half of 2025 compared to the same period in 2024. This partnership aligns perfectly with the national agenda of accelerating financial inclusion and digital transformation.
Through this collaboration, Network International will provide NUB with a comprehensive suite of payment processing solutions. These include end-to-end prepaid card issuance, value-added services, and access to its Digital Payments as a Service platform. With these tools, NUB will gain fraud prevention capabilities, back-office managed services, and other advanced offerings that will strengthen customer trust and enhance operational efficiency.
For NUB, the partnership represents a significant leap forward in its digital transformation strategy. The bank will be able to deliver faster, safer, and more convenient services to its customers while also reducing the time-to-market for new products. Ahmed Sultan, CEO of NUB, emphasized that the collaboration with Network International will allow the bank to enhance customer experience while unlocking new opportunities for growth and innovation.
Network International also highlighted the broader vision of this alliance: to support NUB in its transformation journey and contribute to building a stronger fintech ecosystem in Libya. Reda Helal, group managing director, processing, Africa at Network International, noted that the partnership is about driving inclusive, innovative banking solutions, improving access to financial services, and empowering more Libyans to participate in the digital economy.
This partnership not only strengthens NUB’s ability to compete in a rapidly evolving financial landscape but also signals a pivotal step in modernising Libya’s financial infrastructure. By combining expertise and technology, both organizations are laying the foundation for long-term digital growth, financial inclusion, and a thriving fintech ecosystem in North Africa.
