Cashew Payments

Founded in 2019, Cashew Payments established itself as a prominent Buy Now, Pay Later (BNPL) provider in the UAE and Saudi Arabia. The company's core service allows customers to purchase goods and services from partner merchants and split the cost into interest-free installments, payable over a short period. In 2021, Cashew was acquired by Mashreq Bank, one of the leading financial institutions in the UAE. Following the acquisition, Cashew's technology and services have been integrated into Mashreq's broader digital banking and payments ecosystem, now offered as a feature for Mashreq's customers and merchants.