Dubai Chambers has strengthened access to advanced and alternative banking solutions for the business community through Memorandums of Understanding signed with four specialized fintech companies.
The collaboration seeks to empower local SMEs by effectively addressing critical operational challenges and growth barriers, providing them with a wide range of innovative and tailored financial solutions to support their business expansion and efficiency.
The MoUs were signed between Dubai Chambers and the fintech companies Mamo, Qashio, Pemo, and Vault. They establish a framework for collaboration between Dubai Chambers and the fintech partners to deliver impactful services for Dubai’s business ecosystem.
The agreements will prioritize giving SMEs access to alternative savings accounts, corporate cards, working capital loans, and seamless online payment solutions, all essential for improving operational efficiency and driving growth in today’s competitive market.
Under the MoUs, the parties will collaborate on organizing a series of events, workshops, and interactive sessions designed to foster innovation, promote digital adoption, and encourage the integration of modern financial technologies across the SME community.
They will also develop and implement tailored incentive programs and welcome offers to encourage SMEs to embrace modern financial tools, alongside creating educational initiatives and training sessions focused on financial automation and technology.
Khalid AlJarwan EVP – Commercial and Corporate Services, Dubai Chambers
“This collaboration with fintech companies is a vital step in our mission to create a more dynamic and inclusive business ecosystem. By providing SMEs with direct access to advanced financial tools, we are actively removing barriers to growth and empowering them to scale with greater efficiency. This initiative aligns with our commitment to enhancing the competitiveness of the private sector and solidifying Dubai’s position as a leading global business hub.”
These collaborations deliver clear benefits to SMEs. Vault provides competitive returns on idle funds, Qashio and Pemo offer instant corporate cards for efficient spend management, and Mamo enables centralized payments, spend tracking, and credit access.
