Business

Network International, the leading payment solutions company Middle East and Africa region, today revealed that it has actually introduced 'Easy Payment plan,' (EPP), a service which makes it possible for the customers of its bank clients to straight transform their single purchases right into Equal Monthly Instalments (EMI) at partner Factor of Sale (PoS) terminals.

Emirates NBD and Abu Dhabi Commercial Bank are the first two banks to provide Network International's adaptable repayment remedy to their charge card customers, especially for big ticket transactions.

The new service which will profit cardholders, retailers and banks alike provides customers the benefit and adaptability of choosing their very own layaway plan. Upon charge card repayment, customers merely have to choose the EPP choice on partner POS terminals complied with by the tenure and will certainly get a receipt with the interest rate, EMI amount, period and handling cost mentioned.

Talking about the statement, Simon Haslam, Group CEO of Network International said: "Easy Payment Plan is a simple, smooth solution for cardholders seeking hassle-free settlement alternatives, especially for larger acquisitions. The service calls for marginal initiatives from sellers and banks alike, and Network International is proactively motivating banks and vendor companions in the UAE to get on-board the brand-new modern technology. With the adaptability of selecting their customised EMI instantaneously at the point of purchase, we are hopeful that this solution will certainly boost larger ticket deals and even more the adoption of electronic settlements in the UAE."

" We are pleased to be among the initial to offer our customers the EPP service which enhances their shift to cashless purchases," added Suvo Sarkar, Senior Executive Vice President & Group Head Retail Banking and Wealth Management, Emirates NBD. "Customers are constantly seeking smarter, seamless methods to go shopping and Network International's EPP solution enables us to provide our card customers an adaptable payment solution that improves their total experience, while aiding them much better manage their budget."

Commenting on the announcement, Abdul Shakeel, Head Retail Banking at Abu Dhabi Commercial Bank (ADCB) said: 'This facility provides our bank card customers with the comfort of instantly converting high value purchases right into time payment plan of versatile tones, while finishing their acquisitions in-store. To begin with, this new service is offered with several of our selected key vendor companions and will slowly be extended to a big network of merchant partners.'

Today's announcement is lined up with Network International's mission to increase digital business in the region by adapting innovative innovations that provide much easier, safer and secure payment transactions.

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