Business

Sharjah Islamic Bank (SIB) has announced a strategic partnership with Network International, a prominent enabler of digital commerce in the Middle East and Africa. The collaboration aims to strengthen SIB’s digital transformation efforts by offering advanced multi-channel payment solutions to its customers across the UAE.

Key Highlights of the Partnership

1. Enhanced Digital Services:

   • SIB will provide an extensive suite of advanced payment options, including point-of-sale (POS) solutions, card acceptance, and payment processing for corporate customers.
   • Clients can accept card payments through POS terminals in various sectors, including retail, tourism, and government services.

2. Innovative Payment Solutions:

   • The partnership introduces modern services like online shopping, electronic payment gateways, Pay By Link, unified commerce, and Soft POS solutions, enabling seamless transactions for businesses and individuals.

3. Customer-Centric Approach:

   • The collaboration focuses on enhancing operational performance and customer experience through secure, scalable, and multi-channel payment networks.

Leadership Commentary

• Nabil Abou Alwan, Head of Retail Banking at SIB:
  "This partnership with Network International is a significant step in enhancing the corporate banking products we offer. It empowers our clients with state-of-the-art POS and e-commerce solutions."

• Nandan Mer, Group CEO at Network International:
  "We are excited to collaborate with Sharjah Islamic Bank to deliver tailored payment acceptance solutions that cater to SMEs, corporates, and government entities, enhancing efficiency and customer satisfaction."

Significance of the Partnership

The agreement underscores SIB’s commitment to digital innovation and aligns with the UAE's vision of advancing digital commerce and financial inclusion. By leveraging Network International’s expertise in building secure and robust payment infrastructures, SIB is set to cater to diverse client needs, from SMEs to large corporates and government institutions.

The partnership was formalized at SIB’s headquarters in Sharjah, attended by key dignitaries, including H.E. Mohamed Abdalla, CEO of SIB, and H.E. Ahmed Saad, Deputy CEO.

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