UAE: Network International (Network), a leading fintech company across the Middle East and Africa, has announced the launch of Slice, its new instant card-based instalments solution offering zero interest and zero fees on purchases in the UAE, in collaboration with leading participating banks.
Slice is the next step in Network’s mission to bring payment technologies to market that enable merchants to accept every type of payment while empowering consumers to pay the way they want.
Shoppers can instantly convert their transactions into instalments without registering with instalment platforms or waiting for approvals. For purchases starting from AED 100, customers will be prompted on Network POS terminals with the option to pay in full or in instalments using Slice, providing greater flexibility for both everyday and higher-value purchases.
The solution works directly within the card payment flow, delivering a simpler experience for shoppers and stronger economics for businesses. It offers a lower-cost instalment alternative, faster settlements, and a frictionless checkout experience, helping merchants increase conversion rates, boost average order value, and attract cardholders seeking more flexible payment options.
Slice is available across Network’s extensive merchant ecosystem through partnerships with leading card issuers in the UAE. Through this ecosystem, Network enables instant credit card instalments at the point of sale, both in-store and online. According to the company, 55% of all credit cards in the UAE are already enabled for Slice, allowing participating bank customers to access interest-free instalments from day one.
Murat Cagri Suzer, Group Chief Executive Officer of Network International, said:
“At Network International, we have built the region’s leading payment acceptance infrastructure, enabling millions of transactions every day. But our role goes far beyond processing payments. We partner with merchants to help them grow through value-added services ranging from loyalty and fraud prevention to working capital solutions.
“What makes Slice possible is the ecosystem we have created across financial institutions, merchants and consumers. By bringing these participants together on a single platform, we are able to introduce innovative solutions that deliver value for everyone. We are grateful for the trust and collaboration of our partners, and we will continue to strengthen these ecosystems as we bring new innovations to our key markets.
“With Slice, we are adding another way for consumers to pay and another way for businesses to sell. It is the latest step in our commitment to continuously deliver meaningful payment innovation that simplifies commerce and helps businesses and economies grow.”
Source: Fintech News Middle East, based on information provided by Network International.
