Commercial Bank of Dubai (CBD) and Network International, a leading payment solutions provider recently signed an agreement to provide Network International’s acquiring processing solutions to CBD’s wholesale banking clients.

The agreement was signed by Dr Bernd van Linder, chief executive officer of Commercial Bank of Dubai, and Simon Haslam, Group chief executive officer of Network International.

With this partnership, CBD’s wholesale banking clients will benefit from Network International’s best-in-class payments technology, acquiring processing expertise, and Point-of-Sale (POS)services.

Dr Bernd van Linder said, "We are very proud to partner with Network International to offer POS solutions to our key wholesale banking clients. As one of the leading banks in providing cash management solutions in the UAE, we are always looking to add value and offer bespoke services to our existing clients and adding POS services to our current payments and cash management offering will be a great value addition for our clients.”

Samer Soliman said: “We are delighted to have been chosen by CBD, one of the leading commercial banks in the country, to boost their acquiring processing capabilities. Network International has gained in reputation as the UAE’s largest acquirer and we are confident that CBD’s wholesale banking clients will benefit from our expertise and experience in providing bespoke payment solutions that integrate cost-effectiveness, compliance, and process efficiency.” – TradeArabia News Service