Sharjah Islamic Bank partners with Network International to offer integrated payment solutions

Partnership enables SIB to offer enhanced suite of digital products and services including POS, card acceptance and payment processing to clients

Sharjah Islamic Bank (SIB) has inked a new partnership with Network International, a leading enabler of digital commerce in the Middle East and Africa, to offer advanced digital financial services to its customers in the UAE. 

Under this agreement, SIB will leverage Network International’s integrated multi-channel payment solutions to strengthen its efforts toward digital transformation and innovation while offering an extensive suite of advanced payment networks along with digital products and services. For corporate customers, these services include point-of-sale (POS) solutions for businesses, card acceptance and payment processing. 

Furthermore, this partnership would allow SIB clients to accept card payments through various channels, including POS terminals in retail outlets, commercial establishments, tourism facilities, and government entities. The solutions will also enable online shopping, government payments via an electronic payment gateway, Pay By Link, unified commerce, and Soft POS solutions.

On the back of an integrated, secure, scalable, and multi-channel approach to meet customer needs, SIB will also be able to enhance operational performance and customer experience. 

Commenting on the partnership, Nabil Abou Alwan, Head of Retail Banking at Sharjah Islamic Bank, said: “We are delighted to collaborate with Network International to offer POS and e-commerce solutions to our corporate and government clients. This strategic partnership marks a significant milestone in enhancing the suite of corporate banking products we offer.”

Nandan Mer, Group Chief Executive Officer at Network International, added: “We are thrilled to partner with Sharjah Islamic Bank to offer multi-channel payment acceptance solutions tailored to meet the needs of the bank’s customers, including SMEs, corporates, and government institutions. Through this collaboration, we aim to provide secure and seamless services that enhance operational efficiency and improve customer experience.”

The agreement was signed at Sharjah Islamic Bank’s Sharjah headquarters in the presence of dignitaries including the bank’s CEO H.E. Mohamed Abdalla and Deputy CEO H.E. Ahmed Saad.