Following the announcement on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International, the merchant acquiring transaction has now been successfully completed after securing all required approvals from the Central Bank of the UAE.

Under the partnership, Network International will deliver its advanced payment solutions to support RAKBANK’s customers across SMEs and large corporates, further strengthening its role within the region’s rapidly expanding payments and fintech landscape. The collaboration will also introduce a range of value-added services aimed at empowering SMEs and supporting the UAE’s Digital Economy Strategy. In addition, the acquisition positions Network International to meet rising demand for digital commerce solutions in Ras Al Khaimah, an emirate experiencing strong economic growth.

Both organizations will work closely with existing merchants to ensure a smooth transition, while providing access to enhanced solutions enabled by the partnership. This development highlights a shared focus on advancing payment capabilities, fostering innovation, and supporting business growth across the UAE.

RAKBANK continues to maintain a robust balance sheet, with one of the strongest capital and liquidity positions in the UAE banking sector. This further reinforces its ability to support customers, invest in future growth, and deliver on its vision of being a digital bank with a human touch.