Dubai: Al Masraf said on Monday it has signed a Memorandum of Understanding (MoU) with Network International for payment infrastructure.

Under the agreement, Network International will provide payment processing services including Secure POS (Point of Sale) and E-commerce payment gateway solutions to Al Masraf Corporate and SME customers, enabling the bank to offer merchant acquiring services across the UAE, Al Masraf said in an emailed statement.

“We intend to leverage our mutual capabilities to maximize the value we deliver to our clients and customers. The inclusion of POS and e-commerce offerings to our existing product suite is aimed at providing our customers a comprehensive end-to-end banking experience.” Al Masraf’s CEO, Faisal H Galadari said in a statement.