NEOPAY noon payments deal: 65% stake agreed
The NEOPAY noon payments deal
NEOPAY has signed a definitive agreement to acquire a 65% controlling stake in noon payments, extending its reach beyond its home market of the UAE into Saudi Arabia and Egypt.
Completion remains subject to customary conditions, including regulatory and antitrust approvals.
The deal would combine NEOPAY’s acquiring infrastructure, omnichannel acceptance and merchant services with noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt.
What NEOPAY and noon payments do
The combined offering would cover online payment acceptance, in-store acquiring, faster settlements, data and analytics, and value-added financial services.
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noon payments brings an embedded payments platform, an e-commerce gateway, and strong integrations with marketplace sellers and online merchants. NEOPAY says the deal would give it access to additional merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The deal’s regional reach
NEOPAY says the deal would strengthen its position in the UAE and expand its digital commerce capabilities, while expanding its footprint into Saudi Arabia and Egypt.
“This is an important milestone in NEOPAY’s journey,” said Vibhor Mundhada, CEO, NEOPAY. “Our ambition is now to take that capability across the region.”
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