Commercial Bank of Dubai (CBD) and Network International, the leading payment solutions provider in the Middle East and Africa, recently signed an agreement to provide Network International’s bespoke acquiring processing solutions to CBD’s wholesale banking clients.
The agreement was signed by Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai, and Simon Haslam, Group Chief Executive Officer of Network International, during a ceremony held recently in Dubai, in the presence of senior management from both organizations.
With this partnership, CBD’s wholesale banking clients will benefit from Network International’s best-in-class payments technology, acquiring processing expertise, and Point-of-Sale (POS) services.
Speaking on the significance of the partnership, Dr. Bernd van Linder, said, "We are very proud to partner with Network International to offer POS solutions to our key wholesale banking clients. As one of the leading banks in providing cash management solutions in the UAE, we are always looking to add value and offer bespoke services to our existing clients, and adding POS services to our current payments and cash management offering will be a great value addition for our clients.”
Samer Soliman, Managing Director – Middle East, Network International, said “We are delighted to have been chosen by CBD, one of the leading commercial banks in the country, to boost their acquiring processing capabilities. Network International has gained in reputation as the UAE’s largest acquirer and we are confident that CBD’s wholesale banking clients will benefit from our expertise and experience in providing bespoke payment solutions that integrate cost-effectiveness, compliance, and process efficiency.”
Commercial Bank of Dubai is recognized as one of the leading banks in the UAE in cash management solutions and is always at the forefront in bringing banking innovations to the market. CBD was recognized as the ‘Best Cash Management’ Bank in the UAE, by Banker Middle East in 2017 and 2018.