Mashreq’s NEO PAY partners with Nymbl to integrate online and in-store payments, offering SMEs a comprehensive Unified Commerce Platform.
In order to offer SMEs a comprehensive solution, NEO PAY, the fintech payment platform powered by Mashreq, the Middle Eastern digital bank, has partnered with Nymbl strategically. This relationship combines online and in-store payment acceptance onto a single platform.
The alliance hopes to create a Nymbl Unified SME Commerce Platform by utilising NEO PAY, giving retailers a platform for easily handling their transactions.
Through certified terminals and an Internet Payment Gateway for online transactions, the Nymbl Unified Commerce Platform offers enhanced payment processing to merchants. By integrating the functionalities of Nymbl Pay, NEO PAY will give its merchants access to the Unified Commerce Platform for all in-store and online payment management.
The Nymbl Unified SME Commerce Platform integrates accounting, tax administration, inventory management, purchasing, analytics, payments, and open banking into its point of sale and operations modules. For SMEs, this connection simplifies processes, increasing productivity and efficiency. Advanced features like order and pay at the table, order and pay at kiosks, scan and pay, and QR menu further streamline operations and give businesses an easy-to-use payment experience.
“Small and medium-sized merchant empowerment”
“This collaboration represents a significant step towards our goal of building a unified platform for merchants across the UAE,” said Nymbl CEO Dayan V. Ipe in a statement about the relationship.
“Our goal is to enable small and medium-sized businesses to improve their digital workflows, transactional ease, and secure processing.”
By means of the amalgamation of Nymbl’s Unified SME Commerce Platform and NEO PAY’s product portfolio, retailers are endowed with a comprehensive solution that effortlessly links every facet of their business operations.
By using NEO PAY’s large customer base to provide a comprehensive solution that meets business demands, this strategic alliance also aims to set new standards for SME economy and management.
“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 at Mashreq, in response to the announcement.
The collaboration between Nymbl and Mashreq demonstrates a common dedication to giving retailers cutting-edge tools and creative solutions so they may maximise their operational efficiency.
