UAE payments giant Network International says Saudi launch plan ‘ahead of schedule’ – ArabianBusiness
- Date: 13-Mar-2022
- Source: Arabian Business
- Sector:Financial Services
- Country:UAE
UAE payments giant Network International says Saudi launch plan ‘ahead of schedule’ – ArabianBusiness
UAE-based digital payments major Network International has annnounced that it is ahead of schedule with plans to enter Saudi Arabia.
The company, which reported 24 percent growth in revenue last year to $352.2 million and a near 10-fold jump in net profit to $56.6 million, said Saudi services will launch “in the coming weeks”.
Network said it expects its first customer revenues in 2022 and sees the country as at least a $50 million revenue opportunity in the medium- to long-term.
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