Network International powers the innovative new International Bank of Qatar debit cards

Notes and media contacts

ABOUT NETWORK INTERNATIONAL
Established in 1994, Network International LLC is today one of the leading credit card and payment services providers in the Gulf and Middle East Region geared to meet the needs of Banks, Financial institutions, and large and individual retailers.

The company is a Principal Member of Visa International and MasterCard International offering customers the most comprehensive range of products and services in both the Issuing and Acquiring segment of the card industry, in the Gulf and Middle East region and beyond.
In addition to the processing and management services offered, Network also provides Consultancy services ranging form Planning and designing, to developing of new products and services and providing sponsorship with Visa and MasterCard International.
To date Network International provides credit and debit card processing services, ATM sharing and ATM management services to more than 25 Banks in the region and manages one of the most extensive ATM networks exceeding 130 ATMs.
As a Merchant acquirer in the UAE, Network International enjoys more than 35% of the market share through its network of EFTPOS terminals installed. The company has also established Merchant Acquiring, processing recruitment partnership with third party customers namely American Express, Diners Club, EPPCO, DEWA, Dubai Police, Showtime, Arab Digital Distribution and E Company for E commerce merchant services.

ABOUT IBQ

IBQ has its roots as one of the oldest banks in Qatar having previously been known as Grindlays Qatar Bank and latterly owned by Qatar based investors. The bank went through two changes of shareholding until 2004 when the National Bank of Kuwait acquired 20% of the shares and also assumed responsibility for managing the bank. Since then the Bank has increased its capital and has developed a long strategic vision which has seen it embark on a growth strategy seeking also to broaden its business activities. As part of this process Mr Michael Williams recently joined the bank having had extensive previous experience in the UAE and with major international financial institutions such as Barclays Bank and Nomura Securities.


Issued on behalf of Network International by tamra C2 For further press information please contact Khalil Majdalawi on: Tel. (971) 4 2951177; Fax: (9714) 2951188.