Bank NXT extends collaboration with Network International to modernize payments infrastructure

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced the extension of its collaboration with Network International (www.Network.ae/en) (Network), a leading fintech company in the Middle East and Africa, to accelerate the digitalization of its payment services and further modernize its payments infrastructure.As part of the collaboration, Bank NXT will migrate its ATM and debit card portfolio to Network’s end-to-end processing platform, enabling more streamlined operations, strengthening security controls, and enhanced customer experience.The agreement underscores Bank NXT’s strategic commitment to advancing its payments infrastructure in partnership with Network. Migration supports the Bank’s expansion agenda by building trust among existing and new customers.The partnership comes at a significant time, as Egypt’s banking sector is undergoing a rapid digital transformation, driven by the Central Bank of Egypt to foster a thriving digital economy.Tamer Seif El-Din, CEO and Managing Director of Bank NXT, said: “Our collaboration with Network International is a cornerstone of Bank NXT’s strategy to modernize our payments infrastructure and better serve our customers. Migrating our debit card and ATM portfolio to Network’s robust processing platform will enable us to achieve greater operational efficiency, introduce innovative services faster, and ultimately, provide a seamless, secure, and digitally advanced banking experience. This collaboration reaffirms our commitment to leveraging cutting-edge technology to drive our strategic expansion and meet the evolving needs of the Egyptian market, contributing significantly to the nation's digital transformation.”Dr. Reda Helal, Group Managing Director – Processing, Africa & Growth Markets at Network International, commented: “We are excited to work alongside Bank NXT, especially as the nation continues its digital transformation journey. This collaboration underscores our commitment to expanding our geographic footprint and supporting the digital evolution of banks across the MEA region. By providing our expertise and end-to-end processing capabilities, we are enabling Bank NXT to scale their services effectively, while contributing to Egypt's strategic financial goals. This is a testament to our leadership and value proposition in payments modernisation and our dedication to fostering growth for our partners.Through this partnership, Bank NXT continues to strengthen its infrastructure and enhance its capacity to deliver scalable, secure, and future-ready financial services. Distributed by APO Group on behalf of Network International.Media Queries:Network InternationalCorporate CommunicationsTel: +9714 303 2431Anusuya.George@network.globalAPOSylvia.Gaita@apo-opa.comBank NXT:Reham AbbasHead of Public Relations and Corporate Communications of Bank NXTrabbas@banknxteg.comEFG Holding:May El GammalGroup Chief Marketing & Communications Officer of EFG Holdingmelgammal@efghldg.com Omar SalamaAssociate Director of Communications of EFG Holdingosalama@efghldg.com The EFG Holding Public Relations TeamPublicRelations@efghldg.comAbout Network International:Network International is the Middle East and Africa’s leading fintech company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We serve a diverse ecosystem of banks, fintechs, telcos, merchants, governments, and public sector entities spanning 50+ countries – empowering our partners with innovative technology, value-added services, and deep expertise in payment systems and infrastructure. Our 3,000+ team strength on the ground works closely with 250+ financial institutions and 240,000+ merchants to deliver reliable, scalable, and future-ready payment and fintech solutions across the region.About Bank NXT:Bank NXT (formerly known as aiBANK) was established in 1974 as an investment and business bank and commenced its activities under the supervision of the Central Bank of Egypt in 1978, with a capital base of USD 40 million.The bank has witnessed continuous capital growth, reaching EGP 1.9 billion in 2020. Moreover, as per the decisions of the general assembly held on October 10, 2021, and after the completion of the Bank's acquisition deal, the Bank received approval to increase its paid-up capital to EGP 5 billion and adjusted its ownership structure accordingly to accommodate both new and existing investors, as per the following:EFG Holding S.A.E – (51%)Egypt’s Financial Services and Digital Transformation Sub-Fund – (25%)National Investment Bank – (24%)Additionally, based on the General Assembly decision dated March 24, 2024, a further capital increase was approved, bringing the total to EGP 5.4 billionFurthermore, based on the General Assembly decision dated March 20, 2025, a further capital increase was approved, bringing the total to EGP 5.7 billion.On August 17, 2025, the Bank’s Board of Directors, in accordance with the authori

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