Mashreq and UAE-based fintech Cashew are strengthening their collaboration to develop an embedded lending framework combining banking capabilities with digital platform infrastructure.
The framework integrates Cashew’s technology with Mashreq’s regulated lending, credit decisioning, and risk governance functions.
It enables financing at the point of need, with customers able to access loans of up to AED 150,000 and repayment tenures of up to 48 months.
Approvals are near-instant, with transparent terms. Merchants receive payments directly, with reduced friction in the process.
As BNPL adoption grows in the region, the model extends pay-later financing to higher-value and essential spending categories, including automotive services, home improvement, healthcare, education, and lifestyle-related expenses.
Fernando Morillo, Group Head of Retail Banking at Mashreq, said:
“By working together, we are positioning ourselves as a regulated lender capable of supporting higher-value consumer lending within third-party platforms, while helping to build scalable frameworks that can support the evolving needs of consumers and merchants across the UAE.”
Ammar Afif, Founder and CEO of Cashew, said:
“Our partnership with Mashreq provides the institutional backing required to ensure robust risk governance, scalable funding, and the infrastructure necessary to support responsible growth.”
Featured image credit: Mashreq press release
