Latest news with #MuratCagriSuzer
Zawya
21-07-2025
- Business
- Zawya
Network International enters into strategic partnership with Wio Bank to endorse SME merchants
UAE – Network International has signed a strategic partnership with Wio Bank to offer digital lending solutions for SME merchants in the UAE, according to a press release. As a part of this collaboration, the lending products of the bank will be integrated into Network's platform, an innovative digital merchant lending marketplace designed to simplify and accelerate access to credit for SMEs. The partnership aims to empower SME business owners with faster, more efficient access to credit facilities through an end-to-end digital journey. Eligible merchants can apply for financing online, receive personalized loan offers from Wio Bank based on real-time transaction data from Network and complete the entire process, from loan application to loan disbursement, through a single platform. Group CEO of Network, Murat Cagri Suzer, said: 'At Network International, our focus is on building innovative solutions for our customers. In line with this vision, we have established partnerships with leading banks across the UAE to support the growth of SMEs.' Suzer noted: 'Small businesses transacting through Network International's payment platforms will have easier access to loans through our partnership with Wio Bank. Hence, we're excited to welcome Wio Bank to our platform as a digital lender, offering a lending experience as easy as one-click loans.' From his part, Jayesh Patel, the CEO of Wio Bank, said: 'Our partnership with Network International simplifies access to credit and financial management for SMEs. Our goal is to foster business growth and drive entrepreneurship across the UAE by enabling a stronger ecosystem where businesses can scale with confidence and succeed.' It is worth highlighting that the region-focused Network International and Magnati received key regulatory approvals for a merger process that is projected to close in the third quarter (Q3) of 2025.
Zawya
15-07-2025
- Business
- Zawya
Network International expands SME lending marketplace services with Wio Bank partnership
UAE: Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with Wio Bank PJSC, the UAE's leading digital bank, to offer digital lending solutions for SME merchants in the UAE. As a part of this collaboration, Wio Bank's lending products are now integrated into Network's platform, an innovative digital merchant lending marketplace designed to simplify and accelerate access to credit for SMEs. The partnership aims to empower SME business owners with faster, more efficient access to credit facilities through an end-to-end digital journey. Eligible merchants can apply for financing online, receive personalized loan offers from Wio Bank PJSC based on real-time transaction data from Network and complete the entire process, from loan application to loan disbursement, through a single platform. Murat Cagri Suzer, Group Chief Executive Officer at Network International, commented: 'At Network International, our focus is on building innovative solutions for our customers. In line with this vision, we have established partnerships with leading banks across the UAE to support the growth of SMEs. Small businesses transacting through Network International's payment platforms will have easier access to loans through our partnership with Wio Bank. Hence, we're excited to welcome Wio Bank to our platform as a digital lender, offering a lending experience as easy as one-click loans.' Jayesh Patel, CEO of Wio Bank, said: 'Our partnership with Network International simplifies access to credit and financial management for SMEs. Our goal is to foster business growth and drive entrepreneurship across the UAE by enabling a stronger ecosystem where businesses can scale with confidence and succeed.' This partnership strengthens Network's commitment to supporting SMEs with accessible financing and providing comprehensive business tools to merchants while expanding Wio Bank's reach to a broader base of merchants. About Network International Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,500+ employees based in our markets serving over 250 financial institutions and 196,000+ merchants. About Wio Bank PJSC Wio Bank PJSC, the Middle East's first digital financial platform, is reimagining banking for individuals and businesses. Headquartered in Abu Dhabi and backed by strategic investors including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB), Wio combines cutting-edge technology with a human-centric approach to deliver seamless, personalised financial solutions. For personal banking, Wio offers smart tools and insights to help users take control of their finances, enabling them to save, spend, and grow with ease. For businesses, Wio goes beyond traditional banking by providing entrepreneurs and SMEs with a comprehensive digital platform designed to streamline operations, unlock growth opportunities, and simplify financial management. Wio is redefining the banking landscape as a market leader in Banking-as-a-Service (BaaS) and embedded finance, delivering innovative solutions that empower people, businesses, and communities with the infrastructure they need to access long-term wealth creation. By offering an end-to-end, frictionless digital platform for both retail and business customers, Wio is disrupting traditional banking models, creating operational efficiencies, and unlocking value-added services through a transparent, personalized customer experience. Wio Bank's commitment to innovation has been widely recognized, being named '#1 Fintech in MENA' by Forbes Middle East and 'Digital Bank of the Year' at both the E-Business Awards 2024 and Tech Innovation Awards 2024. The bank has also received 'Best Retail Banking Digital App Experience' award, 'SME Bank of the Year' award, and 'Intelligent Banking and Finance Implementation' award. Additionally, Wio's leadership excellence was acknowledged with inclusion in the Top 34 GCC Banking CEO Power List 2024 by Finance Middle East.
Mid East Info
11-07-2025
- Business
- Mid East Info
Network International and Magnati Secure Key Regulatory Approvals for Merger - Middle East Business News and Information
With a combined Total Payment Volume (TPV) of over USD 400 Billion, the merged entity will become the largest fintech company in Middle East and Africa (MEA) DUBAI, UAE –July 2025 – Network International, a leading fintech company in the Middle East and Africa (MEA), and Magnati, a leading provider of payment solutions in the UAE, today announced that they have received key regulatory approvals to merge into a single entity, owned by a Brookfield-led consortium. The merger process is expected to be completed during Q3, 2025. The merged entity will serve over 250 financial institutions, 240,000 businesses and more than 20 million cardholders across more than 50 markets in MEA. With a comprehensive suite of offerings—including digital payments, data and insights, small business lending, and advanced fraud and security solutions, the merged organization is committed to enabling businesses. It will continue to partner with governments to support the digitization of economies and enable financial inclusion in the region. With a focus on innovation, scale, and growth, the combined business is well-placed to capitalize on the fast-growing digital payments adoption by both consumers and merchants in the region, including mobile payments, e-commerce and cross border transactions. It will offer an expanded portfolio of products and services, tailored to meet the needs of customers, from SMEs to large enterprises and government agencies. Both companies will also realize sizable efficiencies and synergies, while expanding their operational reach across the MEA region. 'The combination of Network International and Magnati marks a pivotal moment in shaping the future of fintech in Middle East and Africa,' said Murat Cagri Suzer, Group CEO of Network International. 'By combining our scale, talent, deep market expertise, and strong partnerships, we are creating the region's largest and most capable fintech platform serving businesses, keeping payments at the core of our services. We are poised to unlock long-term growth with innovation and deliver even greater value to our customers, partners and shareholders.' The integration of both businesses will take place in a phased manner, and they will continue to operate as two separate brands, namely Network International and Magnati, for the time being. About Network International: Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,500+ employees based in our markets serving over 250 financial institutions and 196,000+ merchants. About Magnati: Magnati is a regional leader in the payment solutions industry focused on direct acquiring, issuer processing, and acquiring processing. Magnati provides government, merchant, and institutional clients with an intelligent payments platform, using next-generation technology to deliver improved experiences and increased efficiency. Headquartered in Abu Dhabi, Magnati's expertise and relationships provide a platform for the company to attract international partners while setting a new standard for innovation and delivery in the payments industry.
Web Release
17-02-2025
- Business
- Web Release
Network International Announces Appointment of Murat Cagri Suzer as the Group Chief Executive Officer
By Editor_wr On Feb 17, 2025 Network International today announced the appointment of Murat Cagri Suzer as its Group Chief Executive Officer (GCEO). Based in Dubai, he will lead the company and spearhead its growth strategy. Under his leadership, Network International will continue to unlock new opportunities in delivering seamless, secure, and scalable fintech solutions that are customer-centric, helping businesses and customers thrive. Murat brings extensive leadership experience in the global payments and fintech sectors. Prior to this, he ran Payments, Crypto, Consumer and Digital Banking, and Corporate and Investment Banking businesses in Turkey and in the USA for BBVA. 'We are pleased to welcome Murat on board. He brings extensive experience and expertise to this role and his passion for embracing new age technologies and dedication to fostering a culture of innovation will steer Network International towards continued growth. We thank Nandan Mer for his invaluable contributions over the years and wish him success for the future,' said the Board of Directors, Network International. 'I am delighted to join the exceptional team at Network International and continue to build on its strong foundation. We are serving clients in more than 50 countries as the largest payments company in the Middle East and Africa. Leveraging our scale, technology, talent, and partner ecosystem, we will continue to deliver value to businesses while pursuing growth opportunities and expanding our product offerings further into fintech services,' said Murat Cagri Suzer, GCEO, Network International . With more than 30 years of expertise, Network International has been delivering innovative solutions to customers through simplified payment processes and provides a comprehensive suite of payment products and services. In 2024, Network International was acquired by a Brookfield-led consortium. As a strategic partner, Brookfield is committed to driving Network International's long-term growth and success. Comments are closed.
Mid East Info
17-02-2025
- Business
- Mid East Info
Network International Announces Appointment of Murat Cagri Suzer as the Group Chief Executive Officer - Middle East Business News and Information
Network International today announced the appointment of Murat Cagri Suzer as its Group Chief Executive Officer (GCEO). Based in Dubai, he will lead the company and spearhead its growth strategy. Under his leadership, Network International will continue to unlock new opportunities in delivering seamless, secure, and scalable fintech solutions that are customer-centric, helping businesses and customers thrive. Murat brings extensive leadership experience in the global payments and fintech sectors. Prior to this, he ran Payments, Crypto, Consumer and Digital Banking, and Corporate and Investment Banking businesses in Turkey and in the USA for BBVA. 'We are pleased to welcome Murat on board. He brings extensive experience and expertise to this role and his passion for embracing new age technologies and dedication to fostering a culture of innovation will steer Network International towards continued growth. We thank Nandan Mer for his invaluable contributions over the years and wish him success for the future,' said the Board of Directors, Network International. 'I am delighted to join the exceptional team at Network International and continue to build on its strong foundation. We are serving clients in more than 50 countries as the largest payments company in the Middle East and Africa. Leveraging our scale, technology, talent, and partner ecosystem, we will continue to deliver value to businesses while pursuing growth opportunities and expanding our product offerings further into fintech services,' said Murat Cagri Suzer, GCEO, Network International . With more than 30 years of expertise, Network International has been delivering innovative solutions to customers through simplified payment processes and provides a comprehensive suite of payment products and services. In 2024, Network International was acquired by a Brookfield-led consortium. As a strategic partner, Brookfield is committed to driving Network International's long-term growth and success. About Network International: Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.
