Network International obtains payment licence from Saudi Central Bank

Network International obtains payment licence from Saudi Central Bank

SAMA licence expands commitment to fostering a dynamic and inclusive payments ecosystem in Saudi Arabia by building long-term, collaborative partnerships with merchants across industries Network International is committed to supporting Saudi Arabia’s Vision 2030, Financial Sector Development Program and accelerating digital payments The new licence provides a compelling opportunity for Network International to play an integral role in transforming the payments landscape in KSA Riyadh, Kingdom of Saudi Arabia: Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom. The procurement of the licence is a milestone that aligns with Network’s strategic objectives that include expanding capabilities to offer a comprehensive suite of payment acceptance solutions within the KSA market which is the largest market in the region. The licence also enables Network to empower the expansion of their regional clients by offering an extensive range of payment solutions in this key business hub. Network is positioned favourably to foster a dynamic and inclusive payments ecosystem in Saudi Arabia by building long-term collaborative partnerships with