{"id":99386,"date":"2025-01-07T00:00:00","date_gmt":"2025-01-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/"},"modified":"2025-01-07T00:00:00","modified_gmt":"2025-01-07T00:00:00","slug":"mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/","title":{"rendered":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn"},"content":{"rendered":"

Mashreq finalizes sale of majority stake in Neopay:<\/strong> Our friends at Mashreq completed the sale of a 65% stake<\/a> in payment subsidiary Neopay to a consortium including asset manager Arcapita Group Holdings and Turkish fintech Dgpays for USD 385 mn, according to two separate DFM disclosures (here (pdf)<\/a> and here (pdf)<\/a>). Mashreq still retains a sizable minority stake in the payment subsidiary. The acquisition agreement was originally signed<\/a> in September. <\/p>\n

What\u2019s next for Neopay?<\/strong> The company plans to \u201cscale its operations, enter new markets, and enhance its offerings,\u201d the disclosure said, without disclosing further details. Mashreq had said earlier that it plans to enter into a long-term shareholder agreement with the consortium. <\/p>\n

About Neopay:<\/strong> The subsidiary \u2014 officially named Idfaa Payment Services \u2014 offers payment processing services, including point-of-sale terminals, e-commerce, and mobile payments, as well as other non-cash transactions. <\/p>\n","protected":false},"excerpt":{"rendered":"

Neopay plans to scale its operations and enter new markets<\/p>\n","protected":false},"author":1,"featured_media":99387,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[159,7,1344,60,288],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-banking","tag-enterpriseam-uae","tag-ma","tag-ma-watch","tag-mashreq","wpautop","entry"],"acf":{"mongo_id":"637f9d04-42c2-47e5-9c77-7e68f0d63faf","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1978.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn","related_issue":[99379],"teaser":"Neopay plans to scale its operations and enter new markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.a774cef5-74ff-4b8a-ae15-6f61e5c4e61a.mp3"},"yoast_head":"\nMashreq completes sale of 65% stake in Neopay for USD 385 mn - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mashreq completes sale of 65% stake in Neopay for USD 385 mn\" \/>\n<meta property=\"og:description\" content=\"Neopay plans to scale its operations and enter new markets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-07T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mashreq completes sale of 65% stake in Neopay for USD 385 mn\",\"datePublished\":\"2025-01-07T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"EnterpriseAM UAE\",\"M&A\",\"M&A WATCH\",\"Mashreq\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\",\"name\":\"Mashreq completes sale of 65% stake in Neopay for USD 385 mn - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-01-07T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mashreq completes sale of 65% stake in Neopay for USD 385 mn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/","og_locale":"en_US","og_type":"article","og_title":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn","og_description":"Neopay plans to scale its operations and enter new markets","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/","og_site_name":"UAE","article_published_time":"2025-01-07T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn","datePublished":"2025-01-07T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/"},"wordCount":147,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1","keywords":["banking","EnterpriseAM UAE","M&A","M&A WATCH","Mashreq"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/","name":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1","datePublished":"2025-01-07T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/07\/mashreq-completes-sale-of-65-stake-in-neopay-for-usd-385-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Mashreq completes sale of 65% stake in Neopay for USD 385 mn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/99386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=99386"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/99386\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/99379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/99387"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=99386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=99386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=99386"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=99386"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=99386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}