Mashreq has announced the successful completion of the sale of a majority stake in NEOPAY, one of the UAE’s fast-growing digital payments companies.
Dgpays, a 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 in September of last year.
Go deeper with GlobalData
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 drive innovation, fostering growth and shaping the future of digital payments across the region.
Dgpays continues its recent growth
NEOPAY merchant acquiring services, payment processing solutions as well as a host of value-added services like integrated wallets, SaaS based solutions, BNPL, data analytics etc.
Dgpays is headquartered in Turkey with offices in Dubai, and Tashkent, and is a financial technology infrastructure company in the EMEA region, working with fintechs, non-financial institutions, banks, mobile network operators, and government entities like transportation authorities. With a team of over 600, Dgpays offers a wide range of in-house developed financial technology solutions, including payments and processing services, core banking, cards, ATMs, POS, digital SME packages, and e-wallets through a customisable micro-services architecture.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAt the back end of 2024, Dgpays entered into a digital payments partnership with Mastercard. The partners will jointly develop payment technologies and loyalty programmes, customised to the specific requirements of the region. Additionally, Mastercard made a minority investment in Dgpays on the back of this previous partnershi
