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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
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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.

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