Dgpays and Arcapita Group Holdings Limited jointly announced an agreement to acquire a majority stake in NEOPAY from Mashreq.

The transaction values NEOPAY at approximately US$385 million, with Mashreq retaining a minority interest. The acquisition marks a key moment for NEOPAY as it looks to expand within the rapidly growing Middle Eastern digital payments market. With the strategic backing of the Consortium and Dgpays’ advanced technology, NEOPAY aims to accelerate its growth and introduce new services. NEOPAY, the UAE's fastest-growing payment provider, has gained a strong position with merchants and e-commerce companies. Its expansion is fueled by the UAE’s dynamic economy, driven by a tech-savvy population, strong GDP growth, and government initiatives promoting digital transformation and a cashless economy.