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/ |