NEO PAY & Wio Bank Launch Point of Sale Loans for UAE SMEs

NEO PAY and Wio Bank PJSC have launched a new point-of-sale lending product aimed at improving access to working capital for small and medium-sized merchants across the UAE, using real-time sales data rather than traditional credit assessments.

The facility allows merchants using NEO PAY’s payment terminals to access financing based on their transaction history, with repayments automatically linked to daily sales. By tying instalments to revenue flows, the model is designed to adjust during slower trading periods and reduce cash-flow pressure, offering an alternative to fixed repayment schedules and lengthy approval processes.

The product is the result of a partnership between NEO PAY, a UAE-based payment solutions provider, and Wio Bank PJSC, a digital financial platform. Both companies said the approach is intended to remove common barriers faced by small merchants when seeking financing, including extended loan approvals and conventional credit checks.

According to the partners, the lending facility is structured to support day-to-day business needs such as inventory purchases, marketing spend, and expansion plans, allowing merchants to respond quickly to operational demands. Funding decisions are driven by actual sales performance, enabling faster access to capital compared to traditional lending routes.