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Originally published by Techish Kenya
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tech
October 5, 2025
2h ago

Two Middle East fintech giants are merging to create a payments powerhouse

Two Middle East fintech giants are merging to create a payments powerhouse

Network International and Magnati have merged, creating a massive fintech powerhouse aiming to dominate the payments market across MEA...

✨ Key Highlights

Network International and Magnati, two leading Middle Eastern fintech firms, have merged under the ownership of a Brookfield-led consortium. The combined entity will operate as Network International, aiming to dominate digital payments across the Middle East and Africa (MEA) region.

  • The new Network International will offer a comprehensive suite of financial products, including digital payment acceptance, AI-powered data analytics, and advanced fraud prevention, serving 56 markets.
  • Chairman of the Board, Hadi Badri, stated the merger creates a "UAE homegrown fintech champion."
  • The integration will occur in phases, with both the Network International and Magnati brands initially coexisting in the market.

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