KamelPay,
one of the fastest growing fintech payroll services providers in the UAE, has
engaged Network International (Network), the leading enabler of digital
commerce across the Middle East and Africa (MEA) region, in an exclusive
five-year processor agreement.
The
agreement marks a significant milestone in the journey of KamelPay to
potentially expand in payroll, commercial and credit card segments in the UAE.
KamelPay envisages growth by over 200,000 cards in 2024.
This
exclusive partnership according to a statement released early this week will
facilitate transformative digital payments experiences for KamelPay's
customers. Network’s cutting-edge platform and deep payments expertise will
enable seamless end-to-end processing capabilities incorporating robust fraud
detection and preventive measures to offer advanced functionality and security
enriched with additional value-added services from Network.
Hussain Al Qemzi, Chairman of KamelPay, said, “Our partnership with Network
International not only aligns with the UAE Government's strategic vision for a
cashless society by 2030 but also presents significant benefits for banks and
corporations. Our focus is to address financial exclusion while ensuring access
to the financial ecosystem for all stakeholders. KamelPay, deeply integrated
within the UAE, serves numerous banks and corporations, offering new
opportunities, streamlined processes, efficiency gains, and enhanced service
offerings. Together, we're advancing financial inclusion, driving innovation,
and fostering a secure and efficient payment landscape, thereby propelling our
nation towards a digitally empowered future.”
Ehsan Rahman, Co-Founder & CEO of KamelPay, added, “This strategic alliance with Network
International amplifies KamelPay's commitment to innovation and
customer-centric solutions. With a focus on financial empowerment, we're set to
introduce cutting-edge services that cater to the diverse needs of individuals
and businesses, driving progress and inclusion. With Network’s expertise, we're
set to expand our reach and impact across the MEA region.”
Nandan Mer, Group CEO of Network International, said, “We are thrilled to join hands with KamelPay
as we jointly strive to offer innovative solutions to expand payroll processing
capabilities. Our collaboration builds on Network’s 30 years of experience and
expertise in creating world-class digital payments infrastructure and services
for clients in the region. Network has diligently cultivated long-standing and
reliable business relationships with a multitude of merchants, financial
institutions, and payment networks across the Middle East and Africa.”
Navneet Dave, Managing Director & Co-Head of Processing – Middle East
at Network International, said, “We are delighted to be the partner of
choice for KamelPay to accelerate the expansion of payroll cards in the UAE. We
look forward to supporting their processing needs and introducing innovative
payment services that would advance financial inclusion. Serving more than 200
financial institutions, Network’s impressive technological standing will enable
KamelPay to enter new markets in the future.”
Somu Roy, Managing Director and Country Head UAE, Group Processing at Network
International, remarked, “We are thrilled to support KamelPay to expand their footprint in the
region, while financially empowering individuals and businesses. Our innovative
solutions have contributed to the creation of an entire ecosystem for card processing
that is seamless and easily integrated with partner infrastructures.”
Network
has been instrumental in driving digital payments acceptance and broader
financial inclusion in Africa and the Middle East, offering end-to-end payment
solutions to a growing customer base in more than 50 countries.
By: Nana Appiah Acquaye