Network International and Boubyan Bank extend partnership to enhance transformation efforts

Published On : 15 October 2024

Partnership to boost Boubyan Bank’s card business and transaction processing on a unified platform for a seamless customer experience
Network reinforces its leadership position in the Kuwait market

Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its partnership with Boubyan Bank to enhance the bank’s transformation in banking and digital services.

By leveraging Network’s expertise, Boubyan Bank will implement a new card management system for managing debit, credit and multicurrency prepaid cards. This will ensure a seamless experience for customers, supported by a unified platform for card business and transaction processing, driven by advanced technology.

Abdullah Al Mehri, Chief Operating Officer at Boubyan Bank, remarked: “We are delighted to extend our relationship with Network International and enter a new phase of growth. Network’s experience helps enrich our portfolio with new products offering seamless and secure payment services. This partnership demonstrates our leadership position in the Kuwait market and allows us to offer an enhanced experience to our customers.”

Nandan Mer, Group Chief Executive Officer, Network International, commented: “Network has been a longstanding partner of Boubyan Bank, and we are pleased to strengthen this partnership further. As a leading digital payments company serving over 250 financial institutions and 130,000 merchants, we are confident that our collaboration will enable the bank to offer value to its card customers. We are excited to play a pivotal role in the digital payments landscape in Kuwait, via this partnership.”

Navneet Dave, Managing Director & Co-Head of Processing - Middle East at Network International, said: “We are thrilled to expand our scope of partnership with Boubyan Bank by driving enhanced payment functionality across their banking and digital services. Our card payment services backed by over 30 years of experience, will enable seamless customer experiences for Boubyan Bank.”

The partnership underpins Network’s impact in the Kuwait financial services market and the wider region as a trusted payments service provider. Additionally, it will strengthen Boubyan Bank’s position as a leading Islamic bank in the market.