DUBAI, UAE – Network International and Magnati have completed all the necessary material regulatory approvals to finalise their merger.
This move positions the Brookfield-owned group to dominate the booming digital-payments market in the Middle East and Africa. From an economic policy standpoint in the region, this partnership emphasises how investors in the Gulf see an opportunity in the young demographic, along with the rising popularity of e-commerce. They’re looking to use these trends as a way to gain a competitive edge on the global fintech stage. The combined platform, once completed in Q3 2025, will handle over $400 billion in Total Payment Volume, serve more than 250+ financial institutions and 240,000 merchants, and process over 20 million payment credentials in 50+ markets.
Operationally, Network will provide its pan-MEA acquiring and issuing rails, and Magnati provides UAE merchant depth and next-generation data monetisation capabilities. Analysts believe the twin-brand approach, where both names will exist in the market temporarily, may enable local trust retention along with synergies in risk analytics, SME lending and cross-border e-commerce routing.
Group CEO Murat Cagri Suzer referred to the merger as “a turning point,” one that unites scale, talent, and enduring partnerships to form “the region’s most powerful fintech platform.” He said payments will be “at the centre” of all future service launches.
Industry analysts note that Brookfield’s control of both assets, having taken Network private in 2024 and already owning a 60% stake in Magnati, gives the consortium the advantage of unique flexibility to maximise technology stacks, pursue strategic bolt-on purchases, and work with Gulf sovereign funds on digital infrastructure initiatives. The deal arrives as MEA digital payments are forecast to achieve a 16% CAGR through 2030, driven by real-time rails, mobile wallets, and government-backed financial-inclusion mandates. With an expanded fraud-management, data-and-insights and value-added-services portfolio, the merged company will help public authorities meet cash-reduction goals. They would also offer merchants instant settlement and cross-border services tailored to tourism-led economies.
Integration will be phased and will be subject to standard closing conditions, but management guarantees uninterrupted client services. Merchant acquiring, issuer processing and government solution teams already have joint product road-maps in place throughout omnichannel acceptance, BNPL orchestration and advanced tokenisation.
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