Emirates NBD, Network International to launch Emirates NBD Pay


Emirates NBD, Network International to launch Emirates NBD Pay

Emirates NBD to offer merchant acquiring services to its institutional clients; Bank to also provide loans against POS receivables

Nandan Mer, group CEO Network International, and Ahmed Al Qassim, senior executive vice-president and group head, corporate and institutional banking at Emirates NBD, signing the agreement in Dubai on Thursday. — Supplied photo

Published: Thu 24 Nov 2022, 3:18 PM Last updated: Thu 24 Nov 2022, 3:19 PM

Emirates NBD has expanded its portfolio in the payments space with the launch of Emirates NBD Pay.

In a statement, the leading banking group in the Middle East, North Africa and Turkey (MENAT) region said it collaborated with Network International to launch its new platform that will offer card acceptance solutions to the bank’s existing and potential institutional banking clients in the UAE.

Emirates NBD Pay will enable clients to accept card payments across multiple channels including Point of Sale (POS) machines, payment gateway, Pay By Link, unified commerce, soft POS along with unattended kiosks.

The bank will also offer value-added services including buy-now-pay-later (BNPL), attractive POS lending solutions for Network International merchants, business-to-business payments, and sector specific integrated payment acceptance solutions for select clients, along with additional services such as easy payment plan (EPP) on POS, instant loyalty