Cashew PaymentsShop now, pay later in flexible installments across the GCC

Cashew Payments operates in BNPL at a moment when the global narrative has shifted from growth darling to regulatory concern. The Mashreq Bank partnership is the single most important asset — it provides balance sheet access and regulatory cover standalone BNPL startups cannot replicate.

The three-market footprint (UAE, Saudi, Pakistan) spans wildly different credit environments. Pakistan offers the largest theoretical market but highest risk. Saudi is the growth story. The UAE is the proving ground. Building underwriting models for all three without losses that have crippled BNPL operators elsewhere is the central challenge.