NEOPAY agrees to acquire a 65% stake in noon payments
NEOPAY said it has signed a definitive agreement to acquire a 65% controlling stake in noon payments. Completion remains subject to customary closing conditions, including regulatory and antitrust approvals.
If completed, the deal would combine NEOPAY’s payment acceptance, in-store acquiring and merchant services with noon payments’ digital platform, e-commerce gateway and regional merchant network. The companies described a broader footprint spanning the UAE, Saudi Arabia and Egypt.
Their stated roadmap includes faster merchant onboarding, payment performance, fraud capabilities and embedded financial services. The agreement is still conditional, and the announcement did not disclose a transaction value.
AI-generated symbolic illustration. Conceptual illustration; no actual person, site, document, product design, completed project or measured result is depicted.
The partnership proposes four additional capabilities alongside existing remittance services.
Source: Emirates News Agency (WAM)
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