Mashreq Bank launches Neopay to consolidate and grow

NEOPAY will comprise of Mashreq’s leading merchant acquiring business, which processes over USD 22Billion of annualized volume across retail, government, hospitality, and eCommerce. NEOPAY will also provide Issuer Processing and Acquiring Processing services to financial institutions and fintechs. NEOPAY already positioned amongst the top 3 merchant acquirers in the UAE…