Network International partners with Al Seraj Islamic Bank to develop digital banking in Libya

Network International, a leading fintech company in the Middle East and Africa (MEA), has signed a data processing agreement with Al Seraj Islamic Bank (SIB) to accelerate the bank's digital transformation and support Libya's transition to secure, modern, and inclusive financial services.

This partnership is a central pillar of SIB's strategy to expand its reach, increase its market share, and strengthen its position as the leading institution in the Libyan banking sector.

Under the agreement, Network International will provide Al Seraj Islamic Bank with comprehensive digital payment processing solutions, including Visa sponsorship, prepaid card issuance capabilities, and a suite of innovative value-added services. This offering will enable SIB to improve customer service, streamline operations, and expand access to secure digital payment options across Libya.

Thanks to this strategic partnership, SIB is well positioned to modernize its payment infrastructure and introduce secure, flexible next-generation financial products. Customers will benefit from a seamless, efficient, and user-centric banking experience, which will increase engagement across digital channels.

Furthermore, this cooperation supports Libya's national financial inclusion program by expanding access to secure and reliable payment services for communities with limited access to financial services and promoting broader participation in economic life throughout the country.

“This partnership marks a significant milestone for the Libyan financial sector. Al Seraj Islamic Bank’s decision to partner with us reflects our leading position in the MEA region and our ability to deliver innovative, reliable solutions that transform payment ecosystems. Together, we aim to increase financial inclusion, support the bank's growth ambitions, and empower communities through secure, modern payment services." – Mohamed Abu Gebba, Regional Director of Payment Processing for North Africa, Network International "The partnership with Network International was a strategic decision based on their proven service quality, strong market reputation, and deep understanding of the Libyan banking sector. Their comprehensive data processing capabilities will enable us to introduce advanced digital products, improve customer service, and accelerate our growth. This partnership reinforces our commitment to providing world-class Sharia-compliant digital banking solutions throughout Libya." – Foze Ghaith, CEO, Al Seraj Islamic Bank

"This partnership is a significant milestone for the Libyan financial sector. Al Seraj Islamic Bank's decision to partner with us reflects our leading position in the MEA region and our ability to deliver innovative, reliable solutions that transform payment ecosystems. Together, we aim to increase financial inclusion, support the bank's growth ambitions, and empower communities through secure, modern payment services."

– Mohamed Abu Gebba, Regional Director of Data Processing, North Africa, Network International

“The partnership with Network International was a strategic decision based on the proven quality of the company’s services, its strong market reputation, and its deep understanding of the banking landscape in Libya. The company’s comprehensive data processing capabilities will enable us to bring advanced digital products to market, improve customer service, and accelerate our growth. This partnership reinforces our commitment to providing world-class Sharia-compliant digital banking solutions throughout Libya."

– Foze Ghaith, CEO, Al Seraj Islamic Bank