Nearpay provides a Payment Infrastructure as a Service that turns Android smartphones and tablets into fully compliant Soft POS terminals via an easy‑to‑integrate SDK. The solution handles all compliance, certification, and backend processing, offering APIs for purchase, refund, authorization and reconciliation, and supports major card networks across the MENA region. Merchants can onboard in minutes and manage transactions, device status, and reporting through a real‑time web dashboard.
Funding
$14M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Merchants and platforms in the MENA region often lack a fast, secure way to accept NFC card payments on existing mobile devices, requiring costly hardware, complex compliance processes, and lengthy integration efforts.
Solution
NearPay offers a Payment Infrastructure as a Service that turns Android smartphones and tablets into fully compliant Soft POS terminals via its SDK. The SDK provides ready‑to‑use APIs for purchase, refund, authorization, and reconciliation, supporting major card networks (Visa, MasterCard, Mada, etc.) and multiple connectivity options (Wi‑Fi, 3G/4G, EDGE). Compliance, certification, and the full payments stack are managed by NearPay, allowing merchants to onboard in minutes through API‑driven user verification (JWT, OTP) and a simple SMS/email invitation flow. Real‑time dashboards give businesses visibility into transactions, geolocation, device status, and sales reporting, while the platform also supports hard POS integration for larger deployments.
Target Audience
Primary customers are merchants and platform providers in the MENA region seeking to enable NFC card payments on existing mobile devices, as well as enterprises requiring integrated Soft POS or Hard POS solutions.
Features
- SDK integration in under 30 minutes with sample code for purchase, refund, and reconciliation flows
- Support for standard, cash (Naqd), and advanced transaction types (authorization, void, reversal) on both Soft POS and Hard POS
- Compatibility with major payment networks including Visa, MasterCard, Mada, American Express, UnionPay, and GCCNET
- Ability to run on personal and business Android devices, including self‑service/tablet use cases
- Real‑time transaction monitoring, geolocation tracking, and detailed sales reports via a web dashboard
- API‑based terminal assignment, user role management, and device control (assign, revoke, disconnect)
- Multiple connectivity options (Wi‑Fi, 3G/4G, EDGE, M2M SIM) ensuring reliable payments in varied network conditions
- Built‑in compliance and certification handling, removing the need for merchants to manage regulatory requirements