NEO PAY, a UAE-based payment provider, has partnered with Wio Bank PJSC to launch a point-of-sale (PoS) lending product for SMEs. The solution uses real-time sales data instead of traditional credit checks to provide faster access to working capital. Repayments are linked to daily sales, adjusting automatically during slower periods to ease cash-flow pressures.
A Partnership Focused on SME Growth
The collaboration between NEO PAY and Wio Bank reflects a shared commitment to breaking down barriers that often limit SME financing. Both companies emphasize that the solution addresses common challenges such as lengthy approval processes and traditional credit checks. By streamlining access to capital, the partnership provides merchants with faster, more responsive financial support for their businesses.
Vibhor Mundhada, CEO of NEO PAY, highlighted the strategic value of the launch, stating that it empowers merchants to access funds quickly and easily. He described the initiative as a significant step toward shaping the future of merchant financing in the UAE. Jayesh Patel, CEO of Wio Bank PJSC, underscored the centrality of SMEs to the national economy, emphasizing the importance of timely access to capital and real-time financial insights.
Meeting Operational Needs
The PoS lending facility is designed to support various day-to-day business requirements, including inventory purchases, marketing initiatives, and expansion projects. By linking funding decisions to actual sales performance, the platform provides merchants with rapid access to capital. This enables SMEs to respond promptly to operational demands without being delayed by traditional loan procedures.
The repayment structure, directly tied to transaction data, ensures that instalments remain aligned with revenue fluctuations. Slower sales periods automatically reduce repayment amounts, providing much-needed financial flexibility. The model thus fosters financial stability and reduces the risk of overextension during challenging market conditions.
Driving Economic Resilience
Beyond individual business support, the initiative aims to strengthen the UAE’s broader SME ecosystem. By removing financial barriers, NEO PAY and Wio Bank enable entrepreneurs to pursue growth opportunities more confidently. The solution exemplifies a modern, data-driven approach to lending that aligns with the UAE’s goals for a resilient and future-ready economy.
NEO PAY has established itself as a regional leader in digital payments, offering merchant acquiring services, payment processing, and value-added solutions such as BNPL, SaaS tools, and data analytics. Wio Bank PJSC complements this with a full digital banking platform for individuals and businesses, delivering seamless, personalized financial solutions. Both firms leverage technology to enhance operational efficiency, expand access to capital, and support long-term business growth.
The launch of this PoS lending solution underscores the growing importance of innovative financial models in the SME sector. By linking repayments to real-time sales, the partnership between NEO PAY and Wio Bank offers merchants a flexible, accessible, and practical financing alternative. This initiative sets a precedent for digital-first lending solutions in the UAE, providing SMEs with the tools needed to thrive in a dynamic market environment.