Network International Holdings plc Company profile
About Network International Holdings PLC
Network International Holdings PLC is a UK-based entity which is an enabler of digital commerce across the Middle East and Africa (MEA) by providing technology-enabled payments solutions. The Company’s solutions include Merchant solutions and Issuer solutions through N-Genius Payment Devices, N-Genius Mini Payment Devices, on the go payment devices, and N-Genius online. Under Merchant solutions, the Group provides services for merchants, acquirer processing services for financial institutions, omnichannel payment acceptance solutions, loyalty solutions, dynamic currency conversion, data analytics and payment plans.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Network International Holdings PLC revenues increased 24% to $352.2M. Net income increased from $6.2M to $57.4M. Revenues reflect Merchant solutions increase of 47% to $160.4M, Issuer solutions increase of 11% to $182.4M. Net income benefited from Write-off of unamortised debt issuance c decrease from $6.7M (expense) to $0K.
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