Mashreq NEO PAY, a leading payment solution provider in the MENA region, has announced a strategic partnership with UAE-based fintech start-up Qlub. This collaboration is set to revolutionize the payment process at hospitality venues across the UAE, allowing customers to seamlessly pay, split bills, and add tips through NEO PAY terminals, fully integrated with the restaurants’ Point of Sale (POS) systems.
The partnership aims to enhance convenience and flexibility for both merchants and customers, creating a faster and more streamlined payment experience in the hospitality sector.
Qlub’s 360-Degree Hospitality Solution
Qlub, known for its comprehensive payment solutions tailored to the Food & Beverage (F&B) industry, will bring its cutting-edge offerings to NEO PAY terminals at major hospitality venues throughout the UAE. The integration will not only speed up the payment process but also boost merchant revenue and enrich the overall customer experience.
Statements from Leadership
Vibhor Mundhada, CEO of NEO PAY at Mashreq, expressed his enthusiasm about the partnership: “We are thrilled to join forces with Qlub, marking a significant step forward in simplifying F&B payments for our hospitality merchants. Together, we’re enhancing payment capabilities and setting new benchmarks for seamless user experiences and efficiency in hospitality solutions.”
John Mady, Co-Founder and Managing Director of Qlub, added: “We’re excited to partner with NEO PAY to introduce a faster and more efficient way for customers to pay their restaurant bills. Our mission at Qlub has always been to make bill payments as easy and quick as possible, and this partnership is a big leap towards achieving that.”
About Mashreq NEO PAY
Mashreq NEO PAY offers advanced payment products and solutions to a variety of industries, with a special focus on the hospitality sector. Leveraging state-of-the-art technology, innovative platforms, and data-driven insights, NEO PAY enables businesses to provide efficient, seamless, and integrated payment experiences for both merchants and customers.
About Mashreq Bank
Mashreq, with nearly half a century of banking experience, continues to think and operate like a dynamic, innovative startup. As a pioneer in banking technology and customer-centric services, Mashreq serves a wide range of clients—from digital-first customers to large corporations. With a presence in major global financial centers, the bank remains headquartered in the Middle East, committed to helping customers “Rise Every Day” and achieve their financial goals.
Mashreq has been recognized as the fastest-growing Middle East brand in the 2024 Banking 500 rankings by Brand Finance.
About Qlub
Qlub is a rapidly growing fintech start-up based in the UAE, focused on delivering contactless payment and ordering solutions for the F&B and hospitality sectors. In a short span, Qlub has expanded its reach to 10 countries across the Middle East and APAC, backed by significant investments from top regional and global investors. By leveraging Qlub’s technology, restaurants and customers benefit from faster payments and an enhanced dining experience across both casual and fine-dining establishments.
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