UAE-based digital payments provider NEO PAY has announced a strategic partnership with global payments giant PayPal. The collaboration will enable merchants across the UAE to integrate and accept PayPal, offering a secure and internationally recognized payment method for online consumers.
Empowering the UAE’s SME Backbone
This integration with NEO PAY’s acquiring infrastructure is set to significantly simplify the onboarding process for local businesses, particularly for Small and Medium-sized Enterprises (SMEs) aiming to tap into international markets. SMEs represent the core of the UAE’s economy, accounting for 94% of all businesses and contributing more than half of the nation’s GDP. By providing access to PayPal’s global user base, the partnership directly addresses the need for seamless cross-border trade capabilities.
Otto Williams, Senior Vice President and General Manager for the Middle East and Africa at PayPal, highlighted the importance of the market.
“The UAE is a vibrant and digitally forward economy with a rapidly expanding e-commerce landscape and a strong appetite for financial innovation. Deepening our presence through this partnership with NEO PAY is a critical step in our regional growth strategy. By integrating PayPal, merchants, especially SMEs, can better serve today’s digital-first consumers and scale with confidence.”
Enhancing the Checkout Experience
For NEO PAY, the alliance reinforces its mission to deliver advanced and trusted payment solutions tailored for modern commerce. The addition of PayPal as a payment option is expected to enhance the checkout experience for customers and build greater trust, ultimately supporting merchant growth.
Vibhor Mundhada, CEO of NEO PAY, commented on the new collaboration.
“We at NEO PAY are thrilled to partner with PayPal on the acceptance of digital wallets across our e-commerce merchant network. This partnership allows us to provide secure, trusted, and globally recognised payment options, enhancing the checkout experience and supporting our merchants’ growth across borders.”
About NEO PAY
NEO PAY, a subsidiary of Mashreq Bank, is a UAE-based payments provider that offers secure and scalable payment solutions designed for modern e-commerce. It focuses on simplifying payment acceptance for merchants and enabling their growth in the digital economy.
Source: Fintech News Middle East
