UAE’s NEOPAY Agrees to Acquire 65% of Noon Payments, Expanding Into Saudi Arabia and Egypt

Dubai’s NEOPAY agrees to buy 65% of Noon’s payments arm as it expands into Egypt

Dubai-based NEOPAY has agreed to acquire a 65% controlling stake in noon payments, giving it a route into Egypt through the payments business of the regional online shopping group.

UAE’s NEOPAY Agrees to Acquire 65% of noon payments, Expanding into Saudi Arabia and Egypt

Deal combines NEOPAY’s acquiring network with noon’s digital payments platform UAE payments company NEOPAY has entered into a definitive agreement to acquire a 65 per cent controlling stake in noon payments, in a deal that will combine the companies’ payments infrastructure and expand NEOPAY’s presence into Saudi Arabia and Egypt. Completion of the transaction remains …

NEOPAY Eyes Saudi Arabia and Egypt with 65% Stake in noon payments

NEOPAY has signed a definitive agreement to buy a 65% controlling stake in noon payments, the payments arm of e-commerce platform noon. The financial details were not disclosed. The deal still needs regulatory and antitrust approvals, among other conditions, before it can close. Once the deal closes, NEOPAY will pair its acquiring and merchant services [...]