back Back

NEO PAY & Nymbl team to boost payment solutions for SMEs in the UAE

By Delisha Fernandes

October 25, 2023

  • Central Bank of the UAE
  • email address
  • Fintech news
Share

Mashreq, Nymbl, Instant Payment, merchants, Central Bank of the UAE, QR-based payments, email address, Instant Real Time Payments, SMEs, Fintech news, Fintech UAENEO PAY, powered by Mashreq, has entered a strategic partnership with Nymbl. This collaboration aims to provide a comprehensive solution to SMEs, combining both in-store and online payment acceptance within a single platform.

Dayan V Ipe CEO of Nymbl, said, “We are thrilled to partner with Mashreq, a leading bank in the UAE, and this collaboration represents a significant step towards our goal of building a unified platform for merchants across the UAE. We are dedicated to empowering small and medium-sized merchants to enhance their digital processes, ease of transaction, and secure processing”.

Nymbl’s Unified Commerce Platform provides merchants with advanced payment processing across certified terminals and an Internet Payment Gateway for online transactions. NEO PAY will integrate Nymbl Pay’s features, allowing its merchants the ability to access the Unified Commerce Platform for all in-store and online payment management.

The Nymbl Unified SME Commerce Platform harmonizes Point of Sale and Operations Modules, incorporating Inventory Management, Purchasing, Accounting, Tax Management, Analytics, Payments, and Open Banking. This integration streamlines operations for SME’s, leading to improved efficiency and productivity.

Through the integration of Nymbl’s Unified SME Commerce Platform with NEO PAY’s product offering, merchants can gain access to an end-to-end solution that seamlessly connects all aspects of their business operations.

“At NEO PAY, we are committed to offer merchants a seamless and reliable payment experience. This partnership with Nymbl shall help bring significant value to SME merchants across the UAE in implementing digital stores and building a robust digital economy” said Vibhor Mundhada, CEO of NEO PAY, Mashreq.

Previous Article

October 23, 2023

Velmie enhances digital banking experience with 8ghtX app launch

Read More
Next Article

October 25, 2023

NPCI Bharat BillPay forays into B2B category to offer payments & collections

Read More









IBSi Daily News Analysis

December 01, 2023

Central Bank of the UAE

UAE consumers turn to banks for advice on sustainable finance

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 01, 2023

N26 to offer stock and ETF trading via Upvest’s Investment API

Read More

December 01, 2023

Aspire expands footprint with opening of new Singapore headquarters

Read More

December 01, 2023

PesoPay integrates Maya eWallet for merchant payments in the Philippines

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023