June 2026 Mastercard introduced its Card-to-Account (C2A) Partner Program, enabling businesses to pay suppliers in any market and currency while suppliers receive funds directly into their bank accounts. The initiative expands digital B2B payment capabilities and is designed for global commercial payment ecosystems, including the Middle East and Africa.
March 2026 Network International completed the acquisition of RAKBANK's merchant acquiring business in the UAE, strengthening its commercial payments infrastructure and expanding digital payment acceptance, reconciliation, and value-added services for businesses across the region.
November 2025 Network International announced an agreement to acquire RAKBANK's merchant acquiring business. The transaction enhances the company's B2B payment processing capabilities and broadens its merchant services portfolio in the UAE and wider Middle East.
October 2025 Network International completed its merger with Magnati, creating Network International LLC. The combined entity significantly expands payment processing, merchant acquiring, and commercial payment capabilities across the Middle East and Africa, strengthening digital B2B payment infrastructure.