Facilitates access to the advanced digital banking platforms of Mashreq
An agreement that provides e-commerce companies in Dubai CommerCity with banking solutions and services
During the signing ceremony of the Memorandum of Understanding between Mashreq and Dubai CommerCity.
From the source
Dubai CommerCity, the first e-commerce free zone in the Middle East, Africa and South Asia, announced the signing of a strategic memorandum of understanding with Mashreq Bank, with the aim of providing small and medium-sized companies with the optimal system to establish their business in the field of e-commerce, by enabling them to access services Diverse technology, including integration of banking APIs and services provided by NEOBiz, Mashreq's corporate digital banking platform.
NEOBiz platform
The memorandum of understanding allows e-commerce companies in Dubai CommerCity to benefit from the NEOBiz platform by opening bank accounts easily and quickly, with the help of specialized experts.
It also provides e-commerce companies and SMEs with access to discounted packages for accounting services, cloud infrastructure and digital tools, a range of mobile point-of-sale solutions, payment gateways, and software systems such as Zoho Box, Amazon Web Services, and Microsoft Office", designed to help it achieve more success and growth.
portfolio solutions
Devier Forster, Chief Operating Officer of Dubai CommerCity, said that the strategic memorandum of understanding with Mashreq Bank will allow e-commerce companies in Dubai CommerCity to access its advanced digital banking platforms and facilitate the process of setting up their businesses, pointing out that this partnership contributes to strengthening the site of Dubai CommerCity, as an innovation hub that provides support to entrepreneurs and SMEs, and helps them grow and expand their presence in the region.
For his part, Head of Corporate Banking and NEOBiz platform Vikas Thapar said: “We are pleased to be part of the innovation system at (Dubai CommerCity) to support the growth of small and medium-sized companies that play an important role in supporting the national economy, and the process of providing job opportunities and jobs.”
He added, "Through this strategic partnership, Mashreq Bank will provide a diversified portfolio of financial and banking solutions and services to small and medium-sized companies, and those emerging in the field of e-commerce, within (Dubai CommerCity), allowing them to focus on establishing and growing their businesses."
«Dubai Commercity»
Dubai CommerCity was developed on an area of 2.1 million square feet, at a cost of 3.2 billion dirhams, to provide support to new and existing e-commerce companies in the Middle East, North Africa and South Asia.
Dubai Commercity offers a range of modern offices and state-of-the-art warehouses, as well as last mile services (delivery to the final destination).
With world-class infrastructure, the free zone also offers flexible office spaces and scalable centers, providing multiple options for companies operating in the e-commerce and other sectors.
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