• Arcapita and Dgpays acquire a majority stake in NEOPAY for USD 385 million, with Mashreq retaining a minority share.
• The partnership aims to leverage Arcapita and Dgpays’ expertise to expand NEOPAY’s market reach, deliver cutting-edge payment solutions.
• NEOPAY’s CEO, Vibhor Mundhada, emphasizes that the company is to accelerate growth in the region with new backing from Arcapita and Dgpays.

Global alternative investment firm Arcapita, and Dgpays, a financial infrastructure technology provider, have acquired a majority stake in the UAE financial institution, NEOPAY.

This acquisition, valued at USD 385 million, marks a significant milestone in NEOPAY’s growth journey. Mashreq, one of the UAE’s key financial institutions, retains a substantial minority stake in the company. The deal is reflecting Mashreq’s continued confidence in NEOPAY’s potential.

Strategic Growth and Market Expansion

Moreover, this deal positions NEOPAY to capitalize on the combined expertise and resources of Arcapita and Dgpays. It will enable the company to expand its market reach, deliver advanced payment solutions, and drive innovation across the UAE and beyond.

So far, the transaction, pending regulatory approvals, underscores the strategic importance of digital transformation in financial services within the region.

Arcapita’s Commitment to Growth

Speaking on the deal, Atif A. Abdulmalik, CEO of Arcapita, also stated to media reports: “NEOPAY aligns perfectly with our investment strategy of acquiring market leaders in industries poised for growth. 

“The UAE’s transition to digital payments, supported by increasing GDP, a tech-savvy population, and forward-looking government policies, presents a tremendous opportunity. We are committed to supporting NEOPAY’s next phase of growth, focusing on value-added services and expansion into new markets.”

Dgpays Focus on Regional Impact

Furthermore, Serkan Omerbeyoglu, CEO of Dgpays, highlighted in media reports: “NEOPAY’s rapid growth and innovation in the UAE’s payments sector have been remarkable. 

“With Dgpays’ technology and expertise, we aim to accelerate NEOPAY’s success, not just in the UAE, but across the broader Middle East. Our goal is to advance digital transformation in financial services and create value for enterprise and SME customers alike,” Omerbeyoglu added.

NEOPAY’s Vision for Future Growth

NEOPAY’s CEO, Vibhor Mundhada, expressed excitement about the company’s future. “With the backing of Arcapita and Dgpays, we are entering a new phase of development. NEOPAY has consistently delivered innovative solutions that add value to our customers. 

Additionally, with the technological and financial support of our new investors, coupled with Mashreq’s ongoing involvement, we are poised to accelerate our growth within the UAE and expand our presence across the Middle East. Our focus remains on driving e-commerce innovation and promoting digital payment adoption in the region.”

Founded as a division of Mashreq, NEOPAY has played a key role in supporting the UAE’s cashless economy initiatives. This is by providing seamless payment solutions across various industries, including retail, hospitality, government services, and e-commerce.