Berg Money to launch a SME payments platform in the UAE

By Leandra Monteiro

Berg Money, a global payments provider, announced it will be introducing its SME FinTech platform in the UAE.

Berg’s platform enables small and medium-sized businesses to open accounts and transact in multiple currencies facilitating international trade, whilst cutting down on operating costs and foreign exchange charges.

UAE SMEs will be able to open an account and start using it within 24 hours of submitting their application. Berg’s account holders will be able to manage their finances fully online including the mobile app, allowing them to access multi-currency IBANs, make cross-border payments and manage employee cards.

“We are excited to offer our customers a better experience and improved service levels,” said Dennis Nemerov, Berg, CEO. “Our platform provides much-needed reliability and transparency for companies doing business internationally. Our value lies in the ability to remove hurdles when it comes to opening a business account and offering payment services at the fraction of the cost versus traditional banks and legacy providers. We aim to onboard and activate customers on the same day allowing them to start trading, pay and be paid by their suppliers and partners. All of this is now available through one mobile app and one dashboard to stay in control of your business finances.”

Targeting the growing eCommerce segment, Berg Money aims to deliver payments solutions that allow these customers to expand and scale their business internationally. Based on cloud architecture, accessible 24/7 Berg’s platform enables businesses to open business accounts, issue company debit cards and operate in multiple currencies at favourable exchange rate.