NEOPAY

NEOPAY is a payments company based at the Dubai Outsource Zone in the United Arab Emirates. Its own site traces the business back to Mashreq's merchant acquiring operation, which began in 1990, and describes the company as one of the larger payment solutions providers in the UAE. It sells to two groups. Merchants use its acceptance platform, which covers checkout, real-time visibility of transactions and settlement. Banks and other financial institutions use its issuer processing infrastructure, which manages the card lifecycle. A third line, value-added services, lists SME embedded lending, buy now pay later, data services and analytics, dynamic currency conversion and rewards point acceptance at the point of sale. The company states that it introduced e-commerce acquiring in the UAE, runs dynamic currency conversion in-house and was first to launch tap on phone, and it describes its technology as AI-enabled. Its pages show figures for merchants, terminals, locations and transactions processed, and name a leadership team headed by chief executive Vibhor Mundhada. The site is offered in English and Arabic and lists security standards, regulatory guidelines and an equipment operating manual for merchants. Prospective customers can contact the team through the site.