Mashreq Bank launches business banking value added services

By Leandra Monteiro

Mashreq, one of the leading financial institutions in the UAE, has launched a non-banking business services platform called Mashreq Business Banking Value Added Services, forming part of the Bank’s commitment to enabling business success and helping SMEs do business better.

The new platform provides businesses with privileged access to a select group of innovative FinTechs, start-ups and other service providers with a range of unique offerings, products and discounts for Mashreq’s business banking and NEOBiz customers.

Rajeev Chalisgaonkar, Head of Business Banking & NEOBiz said, “What we are providing is a one-stop-shop with everything you need to boost your business, with powerful add-ons. This aligns with our mission to shape the future of financial services through convenience, innovation and trust while delivering seamless experiences to our customers.”

Having launched with a batch of ten companies, Mashreq is scheduled to go live with an additional ten over the coming weeks. The new direction will see Mashreq build a one-click platform within Business Banking online that integrates service providers and their transactions within one business services ecosystem.

Thomas Baxendale, Head of Business Banking Ecosystems, Mashreq said, “We understand that entrepreneurship is at the heart of a sustainable, purposeful economy, which is why Mashreq has always been at the top of the race when it comes to fostering entrepreneurship in our region. We are therefore delighted to be the first bank to partner with start-ups and fintechs in a way that provides our business banking customers with access to their services. We always have – and will continue to – partner with leading fintechs because entrepreneurs are the backbone of our economy through their ability to create innovative products and services.”

Mashreq Business Banking customers will be able to access offers and services across a wide range of company needs, including the following: HR and Planning (Emirates HR and Bayzat), Cloud Services: WannaGo, Office Space and Co-working (Letswork), Access to Finance (InstaVal), Website design and branding (Creative971), Accounting and Bookkeeping (Yalla Collect), Legal Services (Lexyom), e-commerce (Zoko), Training (Mindcloud).