Dubai, UAE: Mashreq, one of the MENA region’s leading financial institutions, is pleased to announce the successful completion of the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. As previously announced on 13 September 2024, DgPays, a leading financial infrastructure technology provider in the EMEA region and Arcapita Group Holdings Limited ("Arcapita"), a global alternative investment firm, had agreed to acquire the stake.
Mashreq retains a significant minority stake in NEOPAY, underscoring its commitment to supporting the company’s continued growth. This strategic partnership represents a milestone for NEOPAY as it aims to scale its operations, enter new markets, and enhance its innovative service offerings across the Middle East.
The completion of this transaction signifies a shared commitment between Mashreq, DgPays, and Arcapita to driving innovation, fostering growth, and shaping the future of digital payments across the region.