Network International, a leading fintech company in the Middle East and Africa (MEA), and Magnati, a prominent digital payments solutions provider in the UAE, have received key regulatory approvals to complete their merger, forming a new unified entity owned by a Brookfield-led consortium. The merger is expected to finalize in Q3 2025.
The new entity will emerge as the largest fintech platform in the MEA region, with a Total Payment Volume (TPV) exceeding USD 400 billion. It will serve over 250 financial institutions, 240,000 businesses, and 20 million+ cardholders across more than 50 markets.
The merged organization will offer a comprehensive suite of services, including digital payments, data analytics, SME lending, and advanced fraud and cybersecurity solutions. It remains committed to supporting government digitization efforts and enhancing financial inclusion throughout the region.
With a strategic focus on innovation, scalability, and growth, the combined entity is well-positioned to capitalize on the surging adoption of digital payments, including mobile, e-commerce, and cross-border transactions.
It will also deliver an expanded portfolio of tailored offerings, catering to a wide range of clients—from SMEs to large enterprises and government agencies.
Integration will occur in phases, with both Network International and Magnati continuing to operate under their existing brand names for the time being.
