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 MBE Group

MBE, 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 MBE ATM & MBE POS, as we recognize the growing importance of financial technology. MBE ATM operates across Ontario, with 1000+ independently owned ATMs and 3000+ ATMs in use through Cashwave nationwide.

Our Other Ventures

MBE 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, MBE deals in Insurance & Accounting (MBE Insurance & MBE Accounting), and IT services (MBE Global). Other MBE ventures include MBE Digital, MBE Business Magazine, and MBE 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 MBE 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 MBE 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"

MBE ATM presents Cash Wave, the best way to interact for cash handling, transaction and reporting analysis. Highly updated and interactive with key features that includes Agent Support, Cash Loading, Investment Plan, Merchant Account and Report Analysis. Just make a positive start by easy signup, configuration deployment and simply start earning. Best features for clients includes a detailed report analysis, i.e. one of the most dynamic features of Cash Wave.

“Make Your Waves of Change with Us, Through Cash Wave- AN Innovation in ATM”

President & CEO of MBE Group of Companies

Syed Mansoor Ali Naqvi, the CEO and founder of MBE Group of Companies (MBE), 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 MBE 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 MBE Group’s continued success.

Expanding MBE Group’s Horizons

From its beginnings in payment services, Mansoor expanded MBE 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.