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

Is Embedded Finance the New Future of Brand-Integrated Banking?
September 9, 2026

Specialists like Adyen and Block provide the essential digital rails that allow non-bank brands to function as financial hubs for millions of global users every day. The classic architecture of personal finance is being completely dismantled as the barrier between commerce and banking dissolves into the background of the daily user experience. No longer confined to the sterile environments of

How Will Odoo 20 Transform Mexico’s Digital ERP Landscape?
September 9, 2026

The Mexican enterprise customer base for Odoo grew by 51 percent in 2024, signaling a massive shift toward consolidated business management software. This rapid expansion reflects a broader evolution in the local commercial environment, where organizations are increasingly abandoning the patchwork of disconnected applications that once defined their administrative workflows. By transitioning to a unified platform, these companies are effectively

Why Should You Replace Cloud Apps With Local Linux Tools?
September 9, 2026

Processing high-resolution images locally using a discrete GPU offers a more immediate and private result than waiting for remote machine-learning models to return processed data. This movement toward a local-first computing model represents a strategic reclamation of digital sovereignty, where the power of modern processors is finally being utilized to serve the individual rather than the data-harvesting algorithms of large

South African Payment Managers Take on Strategic Roles
September 9, 2026

The South African financial landscape has undergone a radical transformation where the role of the payment manager is no longer confined to the basement of operations. The historical focus on handling service escalations has been replaced by a need for technical fluency and deep understanding of the payment lifecycle. As 2026 progresses, these professionals are finding themselves at the center

How Poor Onboarding Processes Stifle Employee Potential
September 9, 2026

When companies prioritize excessive documentation over human connection and mentorship, they inadvertently create a culture of confusion and long-term inefficiency. This initial phase of employment is theoretically designed to integrate a professional into a new environment, but it frequently dissolves into a frantic scramble through digital portals and legal fine print. Instead of engaging with the nuances of their new