EMP in Jordan rebrands to Network International

Sunday 15 October 2017
Amman - MENA Herald:

Emerging Markets Payments (EMP) in Jordan has announced that it has been rebranded as Network International.    

At a press conference held in the Jordan Intercontinental Hotel on Sunday (October 15, 2017), EMP announced its successful integration and rebranding, following the company’s strategic acquisition by Network International, the leading payment solutions provider in the Middle East and Africa (MEA), in March 2016. EMP Jordan (which will now operate under the brand Network International) has more than 150 merchant, retail, and hotel partners, in addition to seven banks as clients in the Kingdom.  

Further, Amjad Al Sadeq has been appointed as Chief Executive Officer of Jordan operations for Network International. Al Sadeq was previously the Regional Director of Bank Processing at EMP Jordan and brings over 25 years of varied experience in the payment industry with in-depth knowledge of acquiring, bank processing services, operations, electronic bill payments, e-commerce, mobile payments, EMV, and security. Previously, Amjad played a key role in building the main ATM switch in Jordan (JONET).

“Unveiling the Network International brand in Jordan marks a strategic milestone in our regional growth plans. Our presence in Jordan, a key market in the MEA region, is important as the Jordanian market is experiencing rapid growth in the adoption of electronic payment methods,” said Samer Soliman, Managing Director of Group Acquiring and Chairman of Network International in Jordan. “By strengthening our investment in Jordan through leveraging our payments expertise and infrastructure, built on best global

practice, we are contributing to the Kingdom’s economic development. Furthermore, the appointment of Amjad Al Sadeq in Jordan with his track record in transitioning the development of new ideas into highly reliable and scalable products and solutions will help us enhance our offering to clients, as we continue to shape the region’s payment sector through innovative new technology and customer service.”  

Amjad Al Sadeq, Chief Executive Officer of Network International, Jordan operations, added, “I am delighted to lead Network International’s team in Jordan and look forward to creating shared value for our clients. In addition to introducing new payment methods that comply with global technology innovations, Network International will seek market opportunities in sectors such as transportation, micro payments, SMEs, and microfinance solutions.” 

Network International is jointly owned by Emirates NBD, one of the largest banking groups in the UAE, and global investment firms Warburg Pincus and General Atlantic. IFC, a member of the World Bank Group, and the IFC Middle East and North Africa Fund, a fund managed by IFC Asset Management Company, has a combined indirect equity investment of $30 million via the WP/GA consortium fund. Following its acquisition of Emerging Markets Payments Holdings (EMPH), the company continues to seek strategic investments in the region to drive its expansion plans.

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