Dubai Chambers has expanded its support for businesses by improving access to alternative and digital banking services through new MoUs with four fintech firms.
The agreements, signed with Dubai Chambers, establish partnerships with Mamo, Qashio, Pemo, and Vault.
The initiative aims to address the operational and financing challenges faced by SMEs in Dubai.
Under the framework, SMEs will gain access to services including alternative savings accounts, corporate cards, working capital financing, and online payment solutions.
The collaborations also cover joint events, workshops, and training sessions focused on financial technology adoption and automation, alongside incentive programmes aimed at encouraging uptake of these tools.
Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said:
“By providing SMEs with direct access to advanced financial tools, we are actively removing barriers to growth and enabling greater operational efficiency.”
Each partner will contribute specific capabilities.
Vault will offer options for earning returns on unused funds, while Qashio and Pemo will support spend management through corporate card solutions.
Mamo will provide payment acceptance, spend management, and access to credit through a single platform.
Featured image credit: Dubai Chambers
