The Dubai Chambers of Commerce has strengthened its efforts to provide the business community with access to advanced and alternative banking solutions through strategic partnerships with four specialized FinTech companies.
As part of this initiative, MoUs were signed with Mamo, Qashio, Pemo, and Vault, creating a framework to deliver innovative financial services tailored for Dubai’s small and medium-sized enterprises (SMEs). The collaboration aims to address key operational challenges and enable growth by offering SMEs access to alternative savings accounts, corporate cards, working capital loans, and seamless online payment solutions—critical tools for efficiency and scalability in today’s business environment.
Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, stated:
"This collaboration with fintech companies is a vital step in creating a dynamic and inclusive business ecosystem. By providing SMEs direct access to advanced financial tools, we are removing barriers to growth and empowering them to scale efficiently. This initiative strengthens Dubai's competitiveness as a global business hub."
Under the MoUs, Dubai Chambers and its fintech partners will also organize events and workshops promoting innovation and digital adoption. They plan to launch tailored incentive programs and welcome offers to encourage SMEs to adopt modern financial tools, alongside educational initiatives and training sessions focused on financial automation and technology.
The partnerships are designed to provide tangible benefits:
- Vault offers competitive returns on idle funds.
- Qashio and Pemo provide instant corporate cards to improve spend management.
- Mamo enables SMEs to centralize financial functions, manage payments efficiently, and access credit seamlessly.
Through these collaborations, Dubai Chambers aims to empower SMEs, enhance operational efficiency, and accelerate the adoption of innovative financial solutions, supporting Dubai’s goal of becoming a leading global business hub.
