Business

 Network International (Network), the leading digital commerce enabler in the Middle East and Africa (MEA) region, has announced a strategic referral partnership with Policybazaar.ae, the UAE’s top financial services aggregator. This partnership aims to provide affordable insurance policies to Network International’s extensive merchant base.

With this collaboration, merchants using Network’s services can now purchase insurance policies through the Network Expense Hub portal, a real-time payment and expense tracking dashboard. This initiative offers merchants added value beyond payments, including data solutions and various value-added services.

Free for Network’s merchant partners, the Network Expense Hub is an intuitive platform that facilitates expense management, real-time transaction visibility, flexible payment options, and seamless payments to multiple beneficiaries.

“Network has always been at the forefront of introducing diverse and innovative data solutions and value-added services for our merchants. The Network Expense Hub is a remarkable tool for making easier, transparent, and secure business expenses. We have added yet another critical service for merchants, to protect their business from risk by partnering with Policybazaar.ae,” said Ronen Spivak, Group Head of Value-Added Services (VAS) – Acquiring, at Network. “Given the recent floods and the damages to many businesses in the UAE, Network believes insurance adds value to the scope of services offered by the Network Expense Hub.”

Neeraj Gupta, CEO, UAE at Policy Bazaar, said, "At Policybazaar.ae, we are committed to driving innovation and delivering superior value to our customers. Our partnership with Network International marks a significant milestone in our mission to enhance the SME Insurance ecosystem. Through this collaboration, we will showcase our superior SME Insurance solution, enabling completely digital end-to-end online transactions. This partnership is designed to ensure that SMEs have the right prerequisites to thrive in a competitive market, providing them with seamless, efficient, and secure insurance solutions. Together, we are fostering an environment where SMEs can flourish, leveraging cutting-edge technology to streamline operations and drive growth. We are excited about the opportunities this partnership presents and remain dedicated to empowering SMEs with the tools they need for sustainable success."

Network International serves approximately 60,000 merchants in the UAE and over 120,000 merchants across the region, including high-end retail, hospitality, electronics, jewelry, and hypermarkets. These sectors stand to benefit significantly from this new instant payment solution

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