b2b-daily
Home | FinTech | Digital Lending / Digital Payments

Mashreq Sells Majority Stake in NEOPAY to DgPays and Arcapita

Avatar photo
by Mikhail Hamilton
January 6, 2025
Mashreq Sells Majority Stake in NEOPAY to DgPays and Arcapita

Mashreq, a significant player in the financial realm of the MENA region, has successfully concluded the sale of a majority stake in NEOPAY, the UAE’s leading entity in digital payments, to DgPays, a financial infrastructure technology provider, along with Arcapita, a global alternative investment firm. Even with the divestiture of the majority stake, Mashreq retains a significant minority share, showcasing its ongoing commitment to NEOPAY’s growth and the advancement of digital payment innovations in the region.

Announced first on September 13, 2024, this strategic transaction symbolizes a mutual vision shared by Mashreq, DgPays, and Arcapita to broaden NEOPAY’s market reach and enhance its service offerings throughout the Middle East. The agreement is expected to substantially strengthen digital payment advancements, driving growth within the financial technology sector of the region. This partnership highlights a concerted effort toward innovation, setting a new precedent for digital payment systems and ensuring NEOPAY’s continued growth and operational scalability.

By focusing on expanding market reach and service enhancement, the narrative underscores the importance of collaborative ventures in the digital payments landscape. This significant milestone underlines a commitment to fostering cutting-edge digital payment solutions and marks a noteworthy evolution in the industry, positioning NEOPAY for broad growth and enhanced operational capabilities. The transaction exemplifies a united front in the pursuit of digital payment innovation and positions the stakeholders at the forefront of this rapidly evolving industry.

Innovation

Explore more

Sui vs. Ethereum: A Comparison of Scaling and Architecture
October 23, 2026

The Move programming language used by Sui treats digital assets as resources to eliminate reentrancy bugs at the compiler level rather than through manual audits. This fundamental innovation has established a new benchmark for smart contract safety at a time when the decentralized economy is processing trillions in annual volume. In the current landscape, the industry is witnessing a sophisticated

Can macOS Successfully Run on Snapdragon Windows Laptops?
October 23, 2026

The Snapintosh project serves as a technical blueprint for running high-end Apple software on a diverse range of Qualcomm-powered devices and portable devices. This initiative marks a definitive moment in the computing landscape as enthusiasts successfully navigate the transition from Intel-based systems to the highly efficient ARM architecture. The convergence of hardware standards in 2026 has allowed for a renewed

Vertice Launches AI-Driven Procure-to-Pay Platform
October 23, 2026

Strategic spend management requires more than passive record-keeping, moving instead toward agentic AI that identifies and corrects financial discrepancies automatically. Vertice has successfully transitioned from a specialized procurement utility into a robust, end-to-end financial ecosystem through the launch of its integrated Procure-to-Pay platform. This development represents a significant milestone for the company, which previously focused on the Intake-to-Procure segment of

Anthropic Launches Claude Duet Proactive AI Agent for Work
October 23, 2026

As a dedicated productivity tool, Claude Duet focuses primarily on professional and operational workflows rather than the casual personal errands handled by traditional voice assistants. This shift represents a fundamental change in how software interacts with the human workforce, moving away from the static request-response cycle that defined the early era of generative intelligence. By operating on a persistent cloud-based

Closing the Privilege Gap With Idira Integrated Governance
October 23, 2026

The mover phase of an employee lifecycle often becomes a security black hole where old permissions are retained while new ones are added to the profile. This specific phenomenon, frequently referred to as privilege creep, creates a widening gap between the access an individual actually requires and the expansive permissions they technically possess. In the current cybersecurity environment of 2026,