“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.