S P E C I A L I S T I N S I G H T
S P E C I A L I S T I N S I G H T
We have also successfully attained the Payment Card Industry Data Security Standard ( PCI DSS ) Version 4.0 certification this year . This milestone reinforces our commitment to protecting our customers ’ payment card data and advancing security standards in Saudi Arabia . Being among the first in the Kingdom to achieve this certification highlights our role as a pioneer in the industry allowing us to offer secure payment solutions to merchants and businesses in the evolving digital landscape . Our customers ’ data security remains our top priority , and this achievement further solidifies our dedication to fostering secure digital commerce across the Middle East and Africa .
What initiatives do you have to support job localisation in the Kingdom ?
At Network International KSA , we are proud that most of our team in Saudi Arabia consists of local talent . Our plan from day one was to run our business in the Saudi market with local staff and to invest in upskilling Saudi Nationals . Our vision is that the payment ecosystem must fully align with the cultural considerations of the market . To ensure a broader understanding of the sector and provide services that meet customer expectations , we must be wellversed in the business culture and the main principles underpinning the payment infrastructure . We believe that selecting national cadres is the best option to lead and deliver payment services .
We are fortunate that Saudi Arabia has a rich and vast pool of outstanding talent . We are very proud of our human resources , which play a crucial role in the company ’ s growth journey and actively participate in the development of the digital payments sector in the Kingdom .
How do Network International ’ s policies align with Vision 2030 ?
The launch of the ambitious Vision 2030 by His Royal Highness , the Crown Prince , Mohammed bin Salman bin Abdulaziz , has motivated many global companies to actively contribute to the growth , especially given its transparency , high level of governance and harmony between public institutions and the private sector . This vision prompted Network International to fast track the implementation towards KSA market entry as a strategic priority .
Following this , we began formulating a strategic plan to enter the market and made appropriate investments exceeding SAR 160 million to date . Through its presence in Saudi Arabia , Network International is keen to play a crucial role in achieving the vision ’ s goals , particularly in contributing to increasing the share of digital financial transactions to 70 % of total financial transactions .
Additionally , the company is progressing towards achieving goals such as raising the number of FinTech companies ; increasing the contribution of foreign direct investment to the GDP , supporting small and medium enterprises by providing innovative payment solutions ; and supporting new and promising sectors such as entertainment and tourism with innovative payment solutions that fully align with the Kingdom ’ s aspirations and prestigious status .
How does Network International view cybersecurity challenges and what measures does it take to address them ?
We recognise cybersecurity challenges as significant threats that demand proactive measures to safeguard the availability , confidentiality and integrity of financial systems and data . To tackle these challenges effectively , we have adopted a comprehensive approach :
Risk management : We provide end-to-end payment solutions tailored to banks , digital banks , FinTechs and retailers , along with customisable enterprise loyalty solutions , to meet the evolving requirements of the banking sector .
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