“Can a UAE acquirer become the embedded finance backbone of MEA by turning POS data into credit, FX, and wallet services?”
Magnati was founded in 2021 as a UAE payments acquirer focused on direct acquiring, issuer processing, and acquiring processing for government, merchant, and institutional clients. Through 2023-2024 it expanded into embedded finance — adding cross-border wallet acceptance via TerraPay and launching a merchant financing platform that leverages real-time POS data to underwrite SME loans with bank partners (RAKBANK, Wio Bank, Aafaq Islamic Finance). In October 2025 it merged with Network International to create a combined MEA payments and fintech platform.
Magnati discloses Magnati Issuer Processing (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Magnati does not disclose a bank charter of its own; its banking services are provided through Magnati Issuer Processing (in-house).
Magnati processes payments through Magnati Acquiring (self-operated), SwipeX / Tap to Pay on iPhone (self-operated), Link-Based Payment (self-operated), E-commerce gateway (self-operated) and payit.
Magnati's cards are issued through Magnati Issuer Processing (in-house).
Magnati uses TerraPay for FX and cross-border payouts.
Magnati integrates with ERP integrations (unspecified), Expense management program integrations and Electronic Cash Register (ECR) via DLL integration.
The Embedded Finance Index 2026 maps 7 layers in Magnati's stack: Payments / PSP (Magnati Acquiring (self-operated), SwipeX / Tap to Pay on iPhone (self-operated), Link-Based Payment (self-operated), E-commerce gateway (self-operated) and 1 other); Banking / BaaS (Magnati Issuer Processing (in-house)); Card issuing (Magnati Issuer Processing (in-house)); Lending (Buy Now Pay Later (BNPL), Easy Payment Plan (EPP/EMI), Business loans at PoS, Invoice financing and 4 others); FX & payouts (TerraPay); Accounting (ERP integrations (unspecified), Expense management program integrations and Electronic Cash Register (ECR) via DLL integration); Spend / AP (Visa IntelliLink (reporting tool)).
Magnati is founded in 2021 and headquartered in Abu Dhabi, United Arab Emirates.
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