Mashreqbank PSC : Mashreq NEO PAY and Nymbl Collaborate to Revolutionize Payment Solutions and Ecommerce platform for UAE Merchants

Dubai, UAE: NEO PAY, powered by Mashreq, has entered a strategic partnership with Nymbl. This collaboration aims to provide a comprehensive solution to SME's, combining both in-store and online payment acceptance within a single platform. By leveraging NEO PAY this partnership aims to establish a Unified SME Commerce Platform empowering merchants with a tool for managing their transactions seamlessly. 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. Furthermore, advanced features like order and pay at table, order and pay on kiosks, QR Menu, scan and pay further optimizes the processes and creates a user-friendly payment experience for merchants. 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. This strategic partnership is set to create a new standard within the SME economy and management, as it leverages NEO PAY's extensive customer base to deliver a comprehensive solution that addresses the needs of businesses. Commenting on the agreement, Mr. 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." Mr Vibhor Mundhada, CEO of NEO PAY, Mashreq, said: "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." The partnership between Nymbl and Mashreq underlines their shared commitment to providing merchants with the latest technology and innovative solutions, empowering them to optimize their business operations.