Diners Club cards to be accepted at all lulu Hypermarket POS terminals
Dubai: Network International, one of the leading payment solutions providers in the Middle East, announced today that it had signed a partnership agreement with Lulu Hypermarket stores across the UAE, to enable the acceptance of Diners Club cards at all POS terminals within the hypermarket chain.
Owned and operated in the UAE by Network International, Diners Club UAE offers end-to-end payment card solutions for its clients across issuing, acquiring and travel account management. Globally, Diners Club International is owned by Discover Financial Services (NYSE: DFS), a direct banking and payment services company with one of the most recognized brands in U.S. financial services sector.
“Network International is always on the lookout to offer card holders a range of extensive benefits through enabling acceptance at wider POS terminals across the country,” said Bhairav Trivedi, Chief Executive Officer, Network International. “Over the last few years, Lulu has established itself as one of leading retail and hypermarket chains in the UAE, with a huge customer throughput. The partnership with Lulu will provide Diners Club card holders with access to the wider product range that is available at Lulu Hypermarket stores.”
“As one of the largest retail chains in the UAE, Lulu is driven by customer convenience,” said Saifee Rupawala, CEO of Lulu Group International. “The partnership with Network International is in keeping with our strategic objective to encourage greater use of cards at our POS terminals, as this ensures speedy and efficient transactions with lesser margin of error, resulting in greater ease and comfort for our customers. We are pleased to enable Diners Club cards at the Lulu Hypermarket POS terminals and look forward to growing this partnership further.”
The partnership with Lulu Hypermarket stores is the first in a series of merchant partnerships that Network International plans to implement, with the aim to expand its active merchant database and add value to its payment solutions. “Expanding the range of our merchant network will encourage greater use of Diners Club cards, as card holders will have access to a wider product range,” added Trivedi.
About Network International:
Established in 1994, Network International LLC is the largest acquirer, and one of the leading payment solutions providers in the Middle East, geared to meet the needs of banks, financial institutions and large and individual retailers. It is a Principal Member of Visa International and MasterCard International for the UAE, offering customers the most comprehensive range of payment products and services for both the Issuing and Acquiring segment of the card payment industry. Offerings include credit and debit card processing services, ATM management and monitoring, merchant acquiring plus consumer finance applications. Network International provides consultancy services ranging from planning and designing, to developing of new card and consumer finance products and services.
Network International is the first independent vendor certified by both Visa & MasterCard for card payments in the Middle East. It is the UAE’s largest payment acquirer for Credit & Debit Cards and the largest third-party processing vendor offering complete EMV certified solutions as institutions migrate to EMV Smart Card technology
About LULU GROUP INTERNATIONAL:
Headquartered in Abu Dhabi, LULU GROUP operates region’s largest network of hypermarkets & supermarkets chain with 105 stores across MENA and India. Ranked by Deloitte as the 9th fastest growing retailer in the world, Lulu serves more than 500,000 shoppers daily. Known for it’s aggressive marketing campaigns and competitive pricing Lulu recently launched “LULUWEBSTORE”, the e-commerce site which in first phase is selling electronics and home appliances and will soon graduate to sell a larger category of products.