RAKBANK and Network International partner to boost UAE merchant payments
RAKBANK and Network International have finalised a new merchant acquiring partnership in the UAE. The collaboration aims to provide advanced payment solutions by blending the bank’s financial expertise with cutting-edge technology. Both companies received approval from the Central Bank of the UAE for the deal. The partnership will see Network International roll out its payment infrastructure across RAKBANK’s merchant network. This upgrade is designed to streamline payment processing and shorten settlement times for businesses. Small and medium-sized enterprises (SMEs) will benefit from more reliable and efficient systems for managing cash flow.
Both SMEs and larger companies will gain access to modern digital payment tools. The move aligns with RAKBANK’s strategy to support merchants in an increasingly digital market. It also strengthens Network International’s footprint in Ras Al Khaimah, expanding its regional reach. RAKBANK operates in retail, wholesale, and Islamic banking, serving a diverse client base. The combined strengths of the two firms are expected to deliver faster, more secure payment services for businesses across the UAE.
The partnership marks a step forward in digital payment adoption for UAE merchants. Businesses will now have improved access to efficient transaction systems and faster settlements. The initiative reflects broader efforts to modernise financial services in the region.
