Network International (Network), has announced a strategic referral arrangement with Citi.

The referral arrangement will empower Citi to offer its corporate clients superior payment management solutions including enhanced transaction efficiency, increased security, and seamless payment integration capabilities, helping them to digitise and streamline their payment processes.

The collaboration enhances Network’s position as a one of the preferred partners for payment solutions amongst UAE financial institutions, while benefitting from an expanded market presence.

The arrangement aims to enhance the payment experiences for Citi’s clients by leveraging Network’s omnichannel payment solutions

Jamal Al Nassai, Group Managing Director, Merchant Services at Network, said: “We are pleased to enter a referral arrangement with Citi to provide omni channel payment acceptance solutions to large enterprise customers of Citi across the MEA region. This collaboration is a testament of the trust that Citi has in our payment platform which offers wide variety of payment methods along with highest levels of security and convenience. We are confident that this referral arrangement will enable Citi to provide more comprehensive corporate banking services to their valued clients, while enabling Network to strengthen its leadership in the digital payments landscape in MEA region.”

Vivek Vaidyanathan, Citi Treasury & Trade Solutions Head, Middle East & Pakistan, commented: “We are pleased to announce a new referral arrangement with Network International, reinforcing our commitment to investing in our capabilities in the UAE and the region. As clients’ business models evolve and the need for digital collections solutions take center stage, this collaboration perfectly aligns with our strategy to provide solutions to our clients. By collaborating with a leading regional player such as Network International, we are able to offer seamless market-relevant payment experiences thereby helping business to optimise their marketplace payments, business-to-business and direct-to-consumer transaction flows”.

TTS offers payment solutions including 24/7 US dollar clearing for financial institutions, the Citi Global Beneficiary Services Payment Tracker, and Spring by Citi, an end-to-end digital payments acceptance solution.

"Network International enters arrangement with Citi to offer payment solutions to bank’s clients" was originally created and published by Electronic Payments International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.