Fifty-one percent owned by Emirates NBD, Network International was spun off as a separate company in 2015 in a deal which saw Warburg Pincus and General Atlantic pick up the remaining 49% minority ownership.
The company operates in over 50 countries across the Middle East and Africa, processing digital payments for merchants through desktop PCs and smartphones.
The investment by Mastercard will give the card scheme a 9.99 percent stake in the company, making it the fourth biggest shareholder in the business,conditional on the offering of 25% of its shares on London’s main market.
