Dubai: Network International, a payment solutions provider, said it has bullish projections on its expansion plans amid an increase in the rate of card transactions in the Middle East.

The company said it anticipates “exponential growth in the Middle East and Africa region,” driven by factors that include a majority tech-savvy demographic, government policies, and high mobile penetration rates.

Non-cash payment transactions have been growing year-on-year since 2011, at an annual rate of 10 per cent, Network said.