About Us

// company profile

Our Mission Statement

Cashwave has made dynamic advancements in the field of ATM and Financial Technology. Operating as one of the latest switches in Canada, Cashwave’s mission is to empower independent sales organizations in the ATM business across the country. We do this through reliable, efficient, innovative, and secure processing solutions. Our goal is to provide a supportive environment for ATM operators, collaborating, cooperating, and co-existing with key players to grow Canada’s payments landscape.

About MB Group

MB Group, established in 1996 and has been in E-commerce for 26 years, comprising sixteen companies in diverse businesses. In FinTech, we specialize in ATM and POS solutions, operating as MB ATM & MB POS, as we recognize the growing importance of financial technology. MB ATM operates across Ontario, with 1000+ independently owned ATMs and 3000+ ATMs in use through Cashwave nationwide.

Our Other Ventures

MB Group also operates in Property & Real Estate under The Mansoor Naqvi Team & Royal LePage. We are in a merger with Royal LePage, a company formed in 1913 in Toronto, and now Canada’s second-largest real estate business.

Additionally, MB deals in Insurance & Accounting (MB Insurance & MB Accounting), and IT services (MB Global). Other MB ventures include MB Digital, MB Business Magazine, and MB Hospitality, which encompasses Senator Hotel Timmins, Algonquin Inn Lakeside View, Heritage North, and RMA/MBBP. Our diverse portfolio positions us competitively in Canada’s dynamic business environment.

Leadership

Syed Mansoor Ali Naqvi, the CEO & President of MB Group, is a dedicated entrepreneur who has documented his journey in a book. His challenges and incredible achievements are chronicled from his birth to his rise as a CEO. His work in E-Commerce makes him one of Canada’s most successful entrepreneurs. Humble by nature, his association with MB ATM and Cashwave remains central to his vision. From his first ATM purchase in 1996 to today, he has never looked back.

“Cashwave can be seen as one of Canada’s fastest-growing ATM Processors, as we have rapidly acquired many ATM Operators across Canada! Since going public in the year 2020.”

CASH WAVE

"An Innovation in ATM Technology"

MB ATM proudly presents Cash Wave — a cutting-edge platform designed to revolutionize cash handling, transaction management, and reporting analysis. With advanced features such as Agent Support, Cash Loading, Investment Plans, Merchant Accounts, and in-depth Report Analytics, Cash Wave is built for seamless performance and growth.

Getting started is simple: sign up, deploy the configuration, and start earning — it’s that easy.
One of Cash Wave’s standout features is its comprehensive report analysis, offering clients unmatched insights and control.

“Make your wave of change with Cash Wave – An Innovation in ATM.”

President & CEO of MB Group of Companies

Syed Mansoor Ali Naqvi, the CEO and founder of MB Group of Companies (MB), is a hands-on leader. He dominates multiple industries, including ATM, POS, real estate, insurance, hospitality, tourism, and ride-sharing in Canada. His strategic foresight, drive, and determination have built a strong foundation for his multi-million-dollar empire.

Mansoor has always been driven by vision and determination, fueling an outstanding track record. The MB Group has emerged as Canada’s premier conglomerate, with a diversified international business portfolio. His entrepreneurial journey started in 1996, when he was running a coffee franchise. Spotting a huge opportunity in the ATM business and POS industry, he founded a company from scratch, which eventually grew into a business empire.

Cash Wave: Revolutionizing Payment Processing

Mansoor’s visionary insight led him to create a proprietary payment switch called ‘Cashwave.’ This move positioned his company as the second-largest payment processor in Canada. As a leader and innovator, Mansoor thrives in both executive boardrooms and on the work floor. He is known for his strong business development and relationship-building skills, which have driven MB Group’s continued success.

Expanding MB Group’s Horizons

From its beginnings in payment services, Mansoor expanded MB Group to include information technology, real estate, investments, insurance, telemarketing, and credit counseling. He has built high-performance teams and strategically selected management staff, infusing productivity and growth into the company.

Mansoor holds a Master’s degree in Analytical Chemistry from the University of Toronto and a Master of Philosophy from the University of Karachi.