NEO PAY, the fintech payment platform powered by Mashreq, the digital bank for the Middle East, has entered a strategic partnership with Nymbl – aiming to provide a comprehensive solution to SMEs, combining both in-store and online payment acceptance within a single platform.
By leveraging NEO PAY, the partnership aims to establish a Nymbl Unified SME Commerce Platform – empowering merchants with a tool for managing their transactions seamlessly.
The Nymbl 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, enabling its merchants the ability to access the Unified Commerce Platform for all in-store and online payment management.
The Nymbl Unified SME Commerce Platform harmonises point of sale and operations modules, incorporating inventory management, purchasing, accounting, tax management, analytics, payments, as well as open banking. This integration streamlines operations for SMEs, 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 optimise the processes and create a user-friendly payment experience for merchants.
‘Empowering small and medium-sized merchants’
Dayan V Ipe, CEO of Nymbl, discussed the partnership: “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.”
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 also hopes 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.
Vibhor Mundhada, CEO of NEO PAY at Mashreq, also shared his thoughts on the move: “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 a shared commitment to providing merchants with the latest technology and innovative solutions, empowering them to optimise their business operations.