Dubai, UAE – Dubai Chambers has strengthened its efforts to support the business community’s ability to access alternative banking services.
This is done by concluding memorandums of understanding with four companies specialized in financial technology.
Dubai Chambers explained that this cooperation aims to empower local small and medium-sized companies by addressing the most prominent operational challenges and growth obstacles.
Memorandums of understanding were concluded between the Dubai Chambers and Mamo, Qashio, Pemo and Vault.
The memorandums of understanding stipulate enhancing cooperation to provide effective services that support the business system in the emirate.
With a focus on providing SMEs with integrated solutions including: alternative savings accounts, corporate cards, and working capital loans.
In addition to seamless electronic payment solutions, these are essential tools for enhancing efficiency and supporting business growth in the current business environment.
Under the memorandums of understanding, cooperation will take place in organizing events, workshops and business meetings that enhance both aspects of innovation and the adoption of digital solutions.
Partners will also design and implement incentive programs and customized welcome offers to encourage SMEs to adopt modern financial instruments.
In addition to developing educational initiatives and training sessions focusing on technology and financial automation.
These partnerships provide practical benefits to the SME community.
Volt provides opportunities to achieve competitive returns on uninvested funds.
While Caccio and Bemo enable companies to manage their expenses efficiently and easily through instant corporate cards.
MAMO also allows SMEs to consolidate their financial functions in one place, facilitating easy and efficient acceptance of payments and access to financing, as well as expense management.
