Network International (LSE: NETW) provides payment services for digital commerce in the Middle East and Africa and the flotation is designed to increase the business’ international profile and enable shareholders to cash out.
There is a low penetration of digital transactions in the Middle East and Africa, but this is set to increase as more people have debit and other payment cards and there is greater use of other forms of payments, such as PayPal. Rising smartphone usage will also prompt growth.
On top of this, forecast economic growth is strong in the region and the population is gro...
