By Desmond Nleya
Dubai Chambers has signed strategic agreements with four specialised fintech firms to expand small and medium-sized enterprises’ (SMEs) access to advanced and alternative banking services, reinforcing efforts to build a more dynamic and inclusive business environment in the emirate.
The memorandums of understanding were concluded with Mamo, Qashio, Pemo, and Vault. The partnerships establish a collaborative framework to deliver innovative financial solutions tailored to address operational challenges commonly faced by SMEs.
Through the agreements, SMEs will gain access to alternative savings accounts, corporate cards, working capital loans, and seamless online payment platforms. The solutions are designed to enhance cash flow management, streamline operations, and enable faster, data-driven financial decision-making.
Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative marks a significant step toward removing growth barriers for SMEs. He emphasised that direct access to advanced financial tools will strengthen private sector competitiveness and further solidify Dubai’s position as a leading global business hub.
Beyond financial products, the collaborations will also include joint events, workshops, and educational programmes focused on digital adoption, financial automation, and technology-driven business operations. Tailored incentives and onboarding offers are expected to encourage wider SME adoption of modern fintech solutions.
Each partnership offers targeted benefits, including competitive returns on idle funds, instantly issued corporate cards for improved expense management, and integrated platforms that centralise payments, expenses, and credit access. Collectively, the initiative aims to equip Dubai’s SME sector with practical tools to scale sustainably and confidently.
Source: Emirates News Agency
