Dubai – Mubasher: Mashreq, one of the MENA leading financial institutions, has completed the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader.
Under the agreement that was announced in September 2024, DgPays and Arcapita Group Holdings Limited agreed to acquire a $385 million stake in NEOPay.
This strategic partnership r it aims to scale the platform’s operations, enter new markets, and improve its service offerings across the Middle East.
The completion of this transaction aligns with the three parties’ commitment to driving innovation, fostering growth, and shaping the future of digital payments across the region.
