Network International and Magnati have officially completed a strategic merger under the ownership of a Brookfield-led consortium, forming a strengthened entity that will operate as Network International LLC. This development marks a major milestone for the financial services sector in the Middle East and Africa, uniting two regional leaders to create a fintech powerhouse with the scale and expertise to shape the future of payments and digital commerce.
The merged entity will deliver an expanded suite of solutions that includes digital payments, SME lending, advanced fraud prevention, and data-driven insights. This broader offering is designed to not only accelerate digital transformation but also drive financial inclusion across the region. With an enhanced product portfolio, the new Network International LLC is uniquely positioned to empower businesses, governments, and consumers with innovative and reliable financial services.
According to Hadi Badri, Chairman of the Board, Network International, this merger establishes a UAE homegrown fintech champion with significant opportunities for growth and innovation. He emphasized that the combined platform will strengthen the ability of local merchants to thrive in one of the world’s most dynamic fintech regions, aligning with regional goals of building sustainable digital economies.
Murat Cagri Suzer, Group CEO of Network International, highlighted the advantages of uniting two industry leaders with deep regional expertise. He noted that the merger brings together cutting-edge technology, talent, and scale to deliver faster innovation, enhanced data insights, and greater value to clients and partners. This positions the new entity as a strong driver of digital commerce transformation across multiple geographies.
The integration of the two businesses will be carried out in a phased manner, ensuring continuity while maximizing synergies. For now, both brands will continue to co-exist as the merged company builds momentum under the new structure. With this strategic move, Network International LLC sets the stage to redefine the digital payments ecosystem in MEA, accelerating progress toward more inclusive, innovative, and resilient economies.
