Dubai Chambers has signed strategic agreements with four specialised fintech companies to expand access to advanced and alternative banking services for small and medium-sized enterprises, reinforcing its push to build a more dynamic and inclusive business ecosystem.
The memorandums of understanding were concluded with Mamo, Qashio, Pemo, and Vault. The collaborations establish a framework to deliver innovative financial solutions designed to address common operational challenges faced by SMEs and support their growth ambitions.
Through the partnerships, SMEs will gain access to alternative savings accounts, corporate cards, working capital loans, and seamless online payment solutions. These tools are intended to improve cash flow management, increase operational efficiency, and enable faster, more informed financial decision-making.
Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative represents a key step in removing barriers to growth for SMEs. He noted that providing direct access to advanced financial tools supports private sector competitiveness and strengthens Dubai’s standing as a leading global business hub.
Under the agreements, Dubai Chambers and its fintech partners will also collaborate on events, workshops, and educational programmes focused on digital adoption, financial automation, and technology-driven operations. Tailored incentive schemes and welcome offers will further encourage SMEs to adopt modern financial solutions.
Each partnership brings targeted benefits, including competitive returns on idle funds, instantly issued corporate cards for efficient spend management, and integrated platforms that centralise payments, expenses, and access to credit. Together, the initiatives aim to equip Dubai’s SME community with practical tools to scale with confidence.
News Source: Emirates News Agency
