etwork International also waived minimum transaction fees for its merchant clients in the UAE across all industries for the next three months/Bloomberg
by Kudakwashe MuzoriwaUAE-based Network International has launched AED 5 million in cash and other relief measures for its merchant partners in support of the economic stimulus packages introduced earlier by the Central Bank of the UAE to mitigate the impact of the coronavirus pandemic.
The payment solutions provider will contribute almost AED 3.7 million in cash to 1,000 of its most severely impacted SME clients to help alleviate the pressures that have been brought on by COVID-19, with each of the 1,000 receiving AED 3,673 in cash.
Samer Soliman, the Managing Director for Network International’s Middle East operations, said, “As concerns around the global COVID-19 pandemic evolve, we recognise that some of our merchant partners have been severely impacted by this extraordinary situation and we are standing by those that need us most, with immediate and practical relief measures over the next few months..”
Moreover, new SME users of N-Genius online will benefit from zero per cent merchant service fees over the next three months to help them quickly enable their business online. Network International also waived minimum transaction fees for its merchant clients in the UAE across all industries for the next three months.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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