NeoPay

NeoPay is the UAE’s fast-growing payment solutions provider. The firm is central to the payment ecosystem, acting on behalf of merchants and issuing banks

ABOUT INVESTMENT

ABOUT INVESTMENT

In September 2024, Arcapita acquired NeoPay. NeoPay, is the UAE’s fast-growing payment solutions provider. The firm is central to the payment ecosystem, acting on behalf of merchants and issuing banks
 
The UAE is witnessing strong growth in digital payments due to multiple factors including rising per capita income,  growth of a young tech-savvy population, and government digital transformation initiatives
 
The UAE’s card transaction value is expected to grow at double-digit rates over the next five years, presenting substantial opportunities for NEOPAY to capture further market share

Sector: Private Equity, Business Services
Region: Middle East
Investment Date: 2024
Investment Website: https://www.neopay.ae/en/home/

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