Dgpays and Arcapita Consortium Acquires Majority Stake in NEOPAY for $385 Million

Foreks - Dgpays, a financial infrastructure technology provider for the Europe, Middle East, and Africa (EMEA) region, announced the completion of the acquisition of the majority stake in the UAE-based digital payment company NEOPAY.

In a statement regarding the matter, it was mentioned: "As previously announced on September 13, 2024, Dgpays and global investment firm Arcapita Group Holdings Limited reached an agreement to acquire these shares from Mashreq, a leading financial institution in the Middle East and North Africa (MENA) region. Mashreq will retain a significant minority stake in NEOPAY and continue its commitment to support the company’s growth.

This strategic partnership marks a turning point for NEOPAY as it scales its operations, enters new markets, and expands its innovative service offerings throughout the Middle East. The completion of this agreement will enable Dgpays, Arcapita, and Mashreq to foster innovation for NEOPAY's existing and new customers, support the company's growth, and shape the future of digital payments in the region."