Network Intl and Magnati have officially merged under a Brookfield-led consortium, creating one of the largest fintech players in the Middle East & Africa (MEA) region. The combined entity will be known as Network International LLC and span 56 markets, delivering an expanded suite of services from digital payments to SME lending, fraud prevention, and data analytics.
With the merger, Network Intl and Magnati are set to serve more than 250 financial institutions, 240,000 merchants, and over 20 million cardholders across over 50 MEA markets. This consolidation blends Magnati’s strengths in acquiring, issuing, and payment-platform services with Network International’s broader infrastructure and regional presence.
Services offered will include digital payments, AI-driven insights, fraud detection, insurance via fintech pathways, and tools to help SMEs access finance more easily.
Integration & Regional Significance
The merger still maintains periods where Network Intl and Magnati will coexist as systems and teams undergo integration. Regulatory approval has been secured, with formal completion expected in Q3 2025.
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This move resonates deeply in MEA fintech. By combining assets and reach, the merged entity is better positioned to accelerate financial inclusion, especially in under-banked or digital-lagging markets. For example, SMEs who often face fragmented payment rails or high costs might benefit from more unified merchant services, cross-border payment tools, and access to lending powered by the combined scale.
Chairman Hadi Badri called it a “homegrown fintech champion,” and CEO Murat Cagri Suzer said the merger enables increased investment in technology, talent, and innovation that can help shape the future of digital commerce in MEA.
Engagement
