Network International obtains payment licence from SAMA

Network International obtains payment licence from SAMA

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Network International, a leading payment solutions provider in the Middle East and Africa, has recently announced that it has been granted a payment licence from the Saudi Arabian Monetary Authority (SAMA). This marks a significant milestone for the company as it expands its operations in the Kingdom of Saudi Arabia.

Enhancing Payment Solutions in Saudi Arabia

The payment licence from SAMA enables Network International to provide a wide range of innovative payment solutions to businesses and consumers in Saudi Arabia. This includes issuing payment cards, acquiring and processing transactions, and offering digital payment services.

Saudi Arabia has been witnessing a significant shift towards digital payments in recent years, driven by the government’s Vision 2030 and its focus on a digital transformation agenda. Network International’s entry into the Saudi market will further accelerate this transition and provide businesses and customers with secure, efficient, and technologically advanced payment options.

Collaboration with Local Financial Institutions

Network International is strategically partnering with leading local financial institutions to deliver its payment services in Saudi Arabia. By collaborating with banks and financial institutions that have an established presence and strong customer base in the Kingdom, Network International aims to enhance the accessibility and adoption of its payment solutions.

The company’s extensive experience in the payments industry positions it well to address the unique requirements and challenges of the Saudi market. With its proven track record of delivering innovative payment solutions in other regions, Network International is poised to play a pivotal role in transforming the payments landscape in Saudi Arabia.

A Catalyst for Economic Growth and Financial Inclusion

Network International’s entry into Saudi Arabia is expected to have a positive impact on the country’s economy and financial ecosystem. By providing advanced payment solutions, the company aims to drive increased efficiency in the business sector, facilitate seamless commerce, and foster financial inclusion.

With more businesses adopting digital payment methods, Saudi Arabia can reduce its dependence on cash, enhance transparency, and combat illicit financial activities. Furthermore, the availability of secure digital payment options will empower individuals and SMEs, enabling them to participate more actively in the formal economy.


Network International’s payment licence from SAMA is a testament to the company’s commitment to driving innovation and supporting the digital transformation of the payments landscape in Saudi Arabia. With its extensive expertise and strategic partnerships, Network International is well positioned to deliver advanced payment solutions and contribute to the Kingdom’s economic growth and financial inclusion objectives.