Network International Partners with Ruya Bank to Revolutionize Islamic Banking
Network International, a leading digital payment solutions provider in the Middle East and Africa, has announced a strategic partnership with Ruya Bank, the UAE’s digital-first Islamic community bank.
This collaboration aims to transform Islamic banking through advanced digital payment technology.
The partnership will allow Ruya Bank to integrate Network’s cutting-edge payment solutions, offering customers a secure and seamless digital banking experience. Key features will include instant transaction processing, customized user interactions, and a comprehensive suite of digital services, enhancing transaction speed and convenience.
As part of the agreement, Network International will support Ruya Bank’s Shariah-compliant services with advanced features such as tokenization, card control, and fraud prevention, aligning with ethical and Islamic banking practices.
Christoph Koster, CEO of Ruya Bank, expressed enthusiasm for the collaboration, stating, “Our goal is to blend innovative technology with Islamic finance principles, and this partnership with Network International will help us provide secure, digital-first banking products and excellent customer service across the UAE.”
Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, highlighted the significance of the partnership:
“We are excited to work with Ruya Bank to elevate digital Islamic banking in the UAE. Our expertise and technology will support Ruya’s growth strategy and enhance Shariah-compliant banking standards.”
