Network International and Magnati Merge, Securing Regulatory Approvals

Network International and Magnati, two leading payment solution providers in the Middle East and Africa (MEA), have obtained key regulatory approvals for their planned merger, scheduled to conclude in the third quarter of 2025. The merger, led by a Brookfield consortium, will create a financial powerhouse serving over 250 financial institutions, 240,000 businesses, and more than 20 million cardholders across 50 markets in the region. The merged entity promises to enhance digital payment offerings, data insights, small business lending, and fraud prevention solutions. The collaboration aims to expand operational reach, achieve economies of scale, and support digital infrastructure development and financial inclusion by working closely with governments. The new entity will continue to operate under the two original brand names until further integration. The merger positions the combined company to dominate the swiftly expanding digital payment sector, catering to a diverse range of clients including SMEs, large enterprises, and government agencies.