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[BUSINESS] · United Arab Emirates, Saudi Arabia, Egypt · 3 sources

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NEOPAY to acquire 65% stake in noon payments

digital payments fintech acquisition MENA e-commerce merchant services omnichannel payments

UAE-based payments company NEOPAY has entered into a definitive agreement to acquire a 65% controlling stake in noon payments. The transaction aims to combine NEOPAY’s acquiring infrastructure and omnichannel merchant services with noon payments’ embedded digital platform and e-commerce gateway.

The deal is intended to establish a regional payments platform, expanding NEOPAY’s footprint from the UAE into Saudi Arabia and Egypt. By integrating these capabilities, the companies intend to offer merchants seamless services across physical and digital channels, including faster settlements, data analytics, and value-added financial services.

Completion of the acquisition remains subject to customary conditions, including necessary regulatory and antitrust approvals.

Entities

Neopay · Vibhor Mundhada

Sources

NEOPAY enters into definitive agreement to acquire 65% stake in noon payments, expanding regional leadership across MENA. 

 - Middle East Business News and Information - mid-east. info [mid-east.info]
NEOPAY to Acquire 65% Stake in noon payments for MENA Expansion [thetechnologyexpress.com]
UAE’s NEOPAY Agrees to Acquire 65% of noon payments, Expanding into Saudi Arabia and Egypt [bazaartimes.com]