News Details


September 12, 2017

Network International Sells Remittance Technology Business (Remit2India) to UAE Exchange

Deal Brief

Network International has sold its 100% stake in TOM Technologies Private Limited, a company housing the remittance technology business (popularly known as ‘Remit2india’) of TimesofMoney (a business engaged in cross border remittances, specializing in non-resident Indian remittances to India) to UAE Exchange.

Backed by General Atlantic and Warburg Pincus, Network International is leading provider of payment solutions in the Middle East and Africa. UAE Exchange is a United Arab Emirates based company dealing primarily in remittances, Foreign exchange and bill payment solutions. The sale was by way of a structured acquisition.

Our Role

We at Nishith Desai Associates acted as sole legal counsel to Network International on the deal, advising on legal and regulatory aspects.

Mission and Vision

Distinctly Different


India Budget 2018: Implications for International Community
February 06, 2018

This event is over. For event material please click here


Innovation in Digital Economy - Transforming a Trillion Dollar Potential to Reality
December 07, 2017

This event is over. For event material please click here

Want to work with us?


Inviting Top Talent for our Corporate, Funds and International Tax Practices

Strong credentials in Corporate Law (in particular M&A or Fund Investment), Fund Formation or International Tax? Now’s the time to apply. We’re looking for the industry's best talent with scope to do extraordinary work for the world’s best, marquee clients. Reach out for a great career in a great place!

Write to happiness(at)



Nishith Desai Associates 2013. All rights reserved.