Network International introduces direct to merchant payments acceptance service in Egypt

Network International (Network), the leading enabler of digital commerce across Africa and the Middle East, has received approval from Central Bank of Egypt to launch its new ‘direct-to-merchant' service offering in Egypt. The service is being offered under the new ‘networkpay’ brand which will enable merchants to accept payments from their customers and which will facilitate greater digital payment penetration in the country.

For the past 20+ years, Network has been providing outsourced merchant and issuer payment processing services in Egypt to leading banks and financial institutions and is now entering the direct merchant acquiring space.  

Network is offering Egyptian merchants various channels for acceptance on both physical (POS and tap-on-phone) and digital (e-commerce) platforms.

Aside from supporting Egypt’s financial inclusion journey, the networkpay service will also make digital payment acceptance more economically feasible for many small merchants for the first time in the country by giving them low-cost tap-on-phone payment acceptance capability.

Backed by strong efforts by the Egyptian government to fulfil Egypt’s Vision 2030, Egyptian businesses and consumers are increasingly embracing digital payment methods.