RAKBANK and Network International (Network) have completed their strategic partnership, first announced on 28 November 2025, following all necessary approvals from the Central Bank of the UAE (CBUAE).

Under the partnership, Network will provide payment solutions to RAKBANK’s customers across SMEs and large corporates, supporting the bank’s position within the region’s payments and fintech landscape.

Network will also deliver a range of value-added services aimed at supporting SMEs and aligning with the UAE’s Digital Economy Strategy.

Network and RAKBANK will meet growing merchant demand for digital commerce solutions in Ras Al Khaimah through the arrangement.

RAKBANK and Network International will work with existing merchants to facilitate the transition and provide access to the updated solutions introduced through the partnership.

The completion of the transaction reflects a joint focus on developing payment capabilities and supporting business activity across the UAE.

RAKBANK stated that it continues to maintain a strong balance sheet, with high capital and liquidity levels within the UAE banking sector, supporting its capacity to invest in future growth and advance its digital banking strategy.

Featured image credit: RAKBANK press release