# Magnati

> Source: https://docs.barcoder.ai/docs/wallets/magnati
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Magnati — official](https://www.magnati.com/)

## Overview

**Magnati** is **UAE's First Abu Dhabi Bank (FAB) carve-out payment-processor**, formed **April 2021** <sup>[1][1], [2][2], [United Arab Emirates report](https://docs.barcoder.ai/docs/payments/AE)</sup>. **February 2022 — FAB sold 60% stake to Brookfield Business Partners for implied valuation up to $1.15 billion** <sup>[3][3]</sup>; FAB retained 40% stake + long-term relationship agreement.

**2024-2025 strategic merger** <sup>[4][4]</sup>: **FAB + Brookfield announced 100% acquisition of Network International** + plan to combine **Magnati + Network International under Network Project Holdings 1 Ltd**. **2025 — merger completion**: Magnati operations merged into Network International LLC under Brookfield-led consortium with FAB.

**Combined post-merger metrics**: $400B+ combined TPV + 250+ FIs + 240K+ merchants + 20M+ cardholders + 50+ markets.

## History

**April 2021 — FAB completed payments business carve-out + launched MAGNATI brand** <sup>[2][2]</sup>.

**February 2022 — FAB sold 60% stake to Brookfield Business Partners** for **up to $1.15 billion implied valuation** <sup>[3][3]</sup>.

**2024 — FAB + Brookfield announced 100% Network International acquisition + Magnati merger plan**.

**2025 — Network International + Magnati merger completes**: Magnati operations merged into Network International LLC under Brookfield-led consortium <sup>[4][4]</sup>.

**Strategic SA alliance**: FAB + Magnati + **[Geidea](https://docs.barcoder.ai/docs/wallets/geidea)** alliance to strengthen digital foothold in Saudi Arabia.

## Ownership & operator

**Operating entity (post-2025 merger)**: **Network International LLC** (Brookfield-led consortium with FAB).

**Pre-merger ownership (Feb 2022)**:
- **Brookfield Business Partners**: 60% (acquired from FAB for up to $1.15B implied valuation)
- **First Abu Dhabi Bank (FAB)**: 40% (retained stake + long-term relationship agreement)

**Pre-carve-out (April 2021)**: Magnati was **First Abu Dhabi Bank's payments business** (Abu Dhabi Commercial Group + FGB merger heritage payments arm).

**Regulator**: **CBUAE (Central Bank of UAE)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | API + merchant POS + online checkout |
| **Identifiers** | Card |
| **Customer type** | B2B (merchants + financial institutions) — NOT consumer wallet |
| **Coverage** | UAE primary + Saudi Arabia (post-Geidea alliance) |
| **Post-merger integration**: Combined with Network International under Network Project Holdings 1 Ltd |
| **License** | CBUAE payment processor + acquirer (now merged with Network International LLC) |

## Users & growth

**Pre-merger Magnati standalone (Feb 2022)** <sup>[3][3]</sup>:
- **Implied valuation**: up to $1.15 billion (Brookfield 60% acquisition)

**Post-2025 combined Network International + Magnati** <sup>[4][4]</sup>:
- **Combined TPV**: $400+ billion
- **Financial institutions**: 250+
- **Merchants**: 240,000+
- **Cardholders**: 20+ million
- **Markets**: 50+

## Use cases

Pre-merger Magnati: UAE merchant payment-processing + card-issuing + FAB-affiliated rails + Saudi cross-border via Geidea alliance.

Post-2025: Now part of combined Network International LLC (Brookfield-led consortium with FAB) MENA + Africa's largest payment-processor.

## Implementations & partners

**Operator (post-2025)**: **Network International LLC** (Brookfield-led consortium with FAB).

**Pre-merger strategic partner**: **Geidea** (SA payment-acceptance giant; KSA strategic alliance with FAB + Magnati).

**Major shareholders**:
- **Brookfield Business Partners** (60% Feb 2022 → consortium leader post-2025)
- **First Abu Dhabi Bank (FAB)** (40% retained + long-term relationship agreement)

**Major MENA payment-processor competitors (now part of combined entity)**:
- **[Network International](https://docs.barcoder.ai/docs/wallets/network-international)** (now merged sister entity)
- **[Geidea](https://docs.barcoder.ai/docs/wallets/geidea)** (SA #1 payment-acceptance; 75% SA market share)
- **[PayTabs](https://docs.barcoder.ai/docs/wallets/paytabs)** (SA payment-orchestration platform)
- **[Fawry](https://docs.barcoder.ai/docs/wallets/fawry)** (Egypt's #1 payment platform)

**Regulator**: **CBUAE**.

## Fun facts

- **April 2021 FAB payments-business carve-out** + Magnati brand launch.
- **February 2022 — FAB sold 60% to Brookfield Business Partners** for up to $1.15B implied valuation.
- **2025 — Magnati merged into Network International LLC** under Brookfield-led consortium with FAB.
- **Combined post-merger entity** = MENA + Africa's largest payment-processor ($400B+ combined TPV).
- **FAB + Magnati + Geidea KSA strategic alliance** — distinctive UAE-Saudi cross-border payment-ecosystem alignment.
- **Network Project Holdings 1 Ltd** = parent vehicle holding combined Network + Magnati.

## Comparison

| Feature | Magnati | [Network International](https://docs.barcoder.ai/docs/wallets/network-international) (now merged sister) | [Geidea](https://docs.barcoder.ai/docs/wallets/geidea) (KSA strategic alliance partner) | First Abu Dhabi Bank (FAB; 40% Magnati holder pre-merger) | [PayTabs](https://docs.barcoder.ai/docs/wallets/paytabs) (SA payment-orchestration rival) |
|---|---|---|---|---|---|
| Operator | **Magnati (now Network International LLC post-2025; Brookfield 60% Feb 2022 → consortium leader; FAB 40%)** | Network International LLC (Brookfield-led consortium; sister merged 2025) | Geidea (Gulf Capital-acquired SAR 1B 2018) | First Abu Dhabi Bank (FAB; ADX: FAB) | PayTabs (Abdulaziz Al Jouf 2014) |
| Type | **UAE FAB carve-out payment processor (now merged into Network International LLC)** | MENA + Africa enterprise payment-processor + acquirer | SA #1 payment-acceptance + 75% SA market share | UAE's largest bank | SA payment-orchestration + AI-powered platform |
| Country | UAE + SA | UAE HQ + MENA + 50+ markets | SA + AE + EG | UAE | SA + MENA |
| Scale | **Pre-merger $1.15B implied valuation (Brookfield 60% Feb 2022); post-2025 part of $400B+ combined TPV with Network** | $400B+ combined TPV + 250+ FIs + 240K+ merchants + 20M+ cardholders + 50+ markets (post-merger) | 700K+ POS terminals + 150K+ merchants + 5M+ daily tx | UAE largest bank | SAR 325B tx + card volume biggest SA online |
| Distinctive | **FAB carve-out Apr 2021; Brookfield 60% Feb 2022; 2025 merger into Network International LLC; FAB+Magnati+Geidea KSA alliance** | MENA's longest-vintage processor (1994); Brookfield Sep 2024 £2.76B private | 2018 Gulf Capital SAR 1B acquisition; Abu Dhabi Grand Prix POS partner 2025; Apr 2026 Planet | UAE's largest bank by assets | First Arab top-100 global fintech (Oct 2024) |

## Status

**Active, merged into Network International LLC under Brookfield-led consortium** <sup>[3][3], [4][4]</sup>:
- **Magnati** carve-out from FAB **April 2021**.
- **February 2022 — Brookfield Business Partners acquired 60% for up to $1.15B implied valuation** (FAB retained 40%).
- **2025 — merger into Network International LLC** under Brookfield-led consortium with FAB.
- **Combined post-merger entity** = MENA + Africa's largest payment-processor.
- **CBUAE-regulated**.

## Sources

[1]: https://www.magnati.com/en/home/ "Magnati — official"
[2]: https://www.bankfab.com/en-ae/about-fab/group/in-the-media/20210404-magnati "FAB Magnati launch April 2021"
[3]: https://www.bankfab.com/en-ae/about-fab/group/in-the-media/20220228-fab-announces-the-sale-of-60-percent-in-magnati "FAB sells 60% Magnati to Brookfield Feb 2022"
[4]: https://gulfnews.com/business/banking/fab-brookfield-move-closer-to-combining-uae-payment-processing-firms-network-magnati-1.1726639998349 "FAB + Brookfield combining Network + Magnati 2024-2025 — Gulf News"
[ae-cro]: https://docs.barcoder.ai/docs/payments/AE

- [1] [Magnati — official][1]
- [2] [FAB Magnati launch April 2021][2]
- [3] [FAB sells 60% Magnati to Brookfield Feb 2022][3]
- [4] [FAB + Brookfield combining Network + Magnati — Gulf News][4]
- <sup>[United Arab Emirates report](https://docs.barcoder.ai/docs/payments/AE)</sup> In-corpus: `reports/countries/AE-uae.md`

## Source

Biography extracted from [magnati.md](https://docs.barcoder.ai/source/wallets/magnati). See `matrix.md` for standards-support matrix if present.