Al Maryah Community Bank, a top digital bank in the United Arab Emirates, in partnership with Khalifa Fund for Enterprise Development, has launched its eagerly awaited Corporate Banking Platform, enabling all kinds of businesses to open a fully digital business bank account through the Mbank UAE mobile application in just six easy steps and under 10 minutes with no minimum balance requirement and no monthly fees. This innovation has completely changed the way that banks operate.
Less than two weeks after Mbank and Khalifa Fund signed a Memorandum of Understanding, Mbank launched its Corporate Banking Platform. Through this platform, Mbank keeps to its commitment to support national and resident entrepreneurs by providing financing options to qualified SMEs supported by the Khalifa Fund through a credit guarantee scheme. These benefits include no minimum balance requirements, access to a marketplace, and a dedicated account manager.
Using Mbank's specialized Corporate Banking Platform, business owners of sole proprietorships, partnerships, or corporations can now quickly open a Corporate Bank Account and take advantage of a wide range of products, including online and mobile banking, savings and checking accounts, the wages protection system (WPS), overdrafts, loans, and trade finance, among others. Additionally, the suite comes with cutting-edge solutions that help businesses manage cash flow and streamline their financial operations, like real-time account monitoring, configurable notifications, and automatic payment and invoicing systems.
Now, business clients can open a Corporate Bank Account in under 48 hours, for no cost, and without a minimum balance requirement. For users who previously encountered difficulties while attempting to open new accounts, this is a significant improvement.