Neopay

Neopay

Smart payment solutions at your fingertips.

HQ location
Dubai, United Arab Emirates
Website
Employees
Enterprise value
$592m
  • Edit
DateInvestorsAmountRound
*

$385m

Valuation: $592m

Acquisition
Total Funding000k
Notes (0)
More about Neopay
Made with AI
Edit

Neopay operates as a comprehensive payment solutions provider headquartered in Dubai, United Arab Emirates. It was established as the payments-focused subsidiary of Mashreq Bank in 2022, consolidating the bank's existing merchant acquiring business, which processed significant annual volumes. The company's leadership includes Vibhor Mundhada as Chief Executive Officer and Rahul Mishra as Chief Technology Officer. In a significant strategic shift in September 2024, a consortium formed by Dgpays, a financial infrastructure technology provider, and Arcapita Group Holdings, a global alternative investment firm, acquired a majority stake in Neopay, valuing the enterprise at approximately $385 million, though Mashreq retains a minority interest.

The firm's business model is centered on providing both acquiring and issuer processing services to a diverse client base that ranges from small and medium-sized enterprises (SMEs) to large corporations, government entities, and financial institutions. It serves various sectors including retail, hospitality, real estate, and e-commerce. Revenue is generated primarily through commissions on transactions and lending activities. Neopay offers an extensive suite of products designed to streamline payment acceptance and processing. Its core offering is a unified platform that integrates merchant acquiring, card processing, and payment gateway technology. For in-person transactions, the company supplies point-of-sale (POS) systems and facilitates a wide array of payment methods, including major credit cards like Visa and Mastercard, as well as digital wallets such as Apple Pay, Google Pay, Alipay, and WeChat Pay.

For online businesses, Neopay provides an e-commerce platform with features like tokenization for enhanced data security, customizable payment pages, and tools for generating invoices via email and SMS. The platform also supports recurring billing and payments initiated through social media and QR codes. Beyond standard payment processing, Neopay offers several value-added services. These include a merchant portal with an analytics dashboard for business insights, Buy Now, Pay Later (BNPL) options, and Dynamic Currency Conversion for international customers. The company also provides prepaid card solutions, enabling other fintech companies to issue payment cards using its technology. This combination of in-house processing capabilities and adaptable merchant-facing systems allows for the creation of customized solutions with a quick time-to-market.

Keywords: payment solutions, merchant acquiring, payment processing, e-commerce payments, point-of-sale, POS systems, digital wallets, payment gateway, fintech, B2B payments, SME payments, card processing, Buy Now Pay Later, BNPL, Dynamic Currency Conversion, payment analytics, prepaid solutions, cross-border payments, UAE fintech, payment infrastructure

Analytics
Unlock the full power of analytics with a premium account
Track company size and historic growth
Track team composition and strength
Track website visits and app downloads