du Pay Appoints Former BEYON Money Chief Roberto Mancone as CEO
UAE digital wallet du Pay has named Roberto Mancone as its new chief executive officer, marking a leadership transition as the platform prepares to expand beyond payments into new financial services, including lending, insurance, and investment products.
Mancone joins du Pay with more than 25 years of banking experience across the United States, Europe, the United Kingdom, and the Gulf region. He previously served as chief executive of BEYON Money in Bahrain and the UAE, where he helped launch a digital finance platform backed by a sovereign wealth fund.
The appointment comes as du Pay moves from its initial growth phase into a broader expansion strategy. Operating under the regulatory framework of the Central Bank of the UAE (CBUAE), the platform currently offers zero-balance digital wallets, peer-to-peer transfers, and international remittances to more than 200 countries.
Fahad Al Hassawi, Chairman of du Pay, said the company is entering a new chapter in its fintech journey and welcomed Mancone to the leadership team. He said Mancone’s experience would support stronger ecosystem partnerships while helping advance the company’s mission to reshape digital payments in the UAE market.
du Pay has recorded significant growth since launch. According to the company, its digital wallet has reached 1.4 million unique downloads and has processed more than AED 4 billion in transactions by its second anniversary.
In 2025, the company introduced a direct digital salary disbursement feature for unbanked workers, removing the need for a traditional bank account. The move was aimed at improving access to financial services for workers who may face barriers to conventional banking.
The latest leadership change signals that du Pay is seeking to broaden its role in the UAE’s financial technology landscape. Its expansion plans align with the wider national push toward a cashless economy and greater financial inclusion.
Industry Analysis
Mancone’s appointment suggests du Pay is positioning itself for a more diversified product strategy after establishing scale in digital payments and remittances. Expanding into lending, insurance, and investment offerings would place the company in a more competitive segment of the fintech market, where customer retention often depends on a wider suite of services rather than payments alone.
The move also reflects the UAE market’s growing emphasis on financial inclusion and digital adoption. With regulatory oversight from the CBUAE and a growing user base, du Pay appears to be building on its existing momentum to deepen engagement with consumers and underserved workers. If successful, the next phase could help strengthen the platform’s relevance in the country’s evolving digital finance ecosystem.
