Network International Holdings provides technology-enabled payments as a service to merchants and financial institutions in the Middle East and Africa.
[6] The Abraaj Group sold its stake to a joint venture between Warburg Pincus and General Atlantic in 2015.
[4][7] In a deal worth $340 million, Network acquired Emerging Markets Payments (EMP) from Actis in March 2016,[8] creating the largest payments processor in the MENA region, estimated as five times larger than CSC in Lebanon by Bhairav Trivedi, the CEO of Network at the time.
[9] In March 2019, Network announced its intention to float on the London Stock Exchange's main market, as well as the appointment of Ron Kalifa OBE, British payments rival Worldpay's former CEO, as Chairman.
Mastercard is now the fourth largest shareholder in Network International after General Atlantic, Warburg Pincus and Emirates NBD.