Arcapita and DgPays complete $385 million acquisition of NEOPAY from Mashreq

Mashreq, one of the MENA region’s leading financial institutions, have announced the successful completion of the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader.

DgPays, a leading financial infrastructure technology provider in the EMEA region and Arcapita Group Holdings Limited, a global alternative investment firm, have agreed to acquire the stake.

Mashreq retains a significant minority stake in NEOPAY, underscoring its commitment to supporting the company’s continued growth. This strategic partnership represents a milestone for NEOPAY as it aims to scale its operations, enter new markets, and enhance its innovative service offerings across the Middle East.

The completion of this transaction signifies a shared commitment between Mashreq, DgPays, and Arcapita to driving innovation, fostering growth, and shaping the future of digital payments across the region.