Network International (Network) , a leading fintech company in the Middle East and Africa (MEA), has signed a processing agreement with Al Seraj Islamic Bank (SIB) to accelerate the bank’s digital transformation and support Libya’s transition toward secure, modern and inclusive financial services. Under the agreement, Network International will deliver comprehensive end-to-end digital payment processing solutions to Al Seraj Islamic Bank, including Visa sponsorship, prepaid issuing capabilities, and a suite of innovative value-added services. These offerings will empower SIB to enhance customer experience, streamline operations, and expand access to secure digital payment options nationwide in Libya. Through this strategic collaboration, SIB is well-positioned to modernise its payment infrastructure and introduce secure, flexible, and next-generation financial products. This partnership reinforces our commitment to delivering world-class, Shariah-compliant digital banking solutions across Libya.”The services for Al Seraj Islamic Bank are scheduled to go live in Q1 2026.

Source: The North Africa Journal March 01, 2026 01:56 UTC