Mbank partners with Meydan to enhance business banking

By Gloria Methri

Al Maryah Community Bank (Mbank), a digital bank in the United Arab Emirates, has partnered with Meydan Management Services (MMS) to provide integrated banking facilities to all types of businesses wishing to establish themselves in the Meydan Free Zone (MFZ).

Entrepreneurs can now open a fully digital business bank account through the Mbank online Corporate Platform in six simple steps, in less than 48 hours, with zero minimum balance and zero monthly fees. This partnership aims to establish grounds for business owners to access a wide range of value-added banking facilities by providing them with advanced, customised, secure and accessible digital banking solutions.

Under this agreement, Mbank will provide a diverse range of financial products designed for all business types, including sole proprietorships, partnerships, and corporations. Offerings will encompass online and mobile banking, savings and checking accounts, the Wages Protection System (WPS), overdrafts, loans, and trade finance.

To further enhance business owners’ experiences, Mbank introduced its Digital Connect service, which allows clients to connect with customer service agents via secure live video calls. This innovative approach eliminates the need for paperwork and physical branch visits, providing efficient support tailored to modern businesses’ needs.

“We are excited to partner in this initiative, as it reflects our commitment to empowering businesses with the tools they need to thrive,” said the Product Manager, Suresh Yeraballi, at Mbank. “Our goal is to simplify financial management for our clients and support their growth in a rapidly evolving market.”

Humaid Al Attar, EVP – Head of Corporate & SME Banking at Mbank, said, “We are proud to partner with Meydan Management Services to serve the public interest and support the development of the UAE. We are excited to provide them with smart, innovative, and convenient financial tools for their entrepreneurial journeys. Our collaboration underscores our commitment to promoting local enterprise development in Dubai. We are confident that our simple, fully digital banking solutions will facilitate business growth and success across Dubai and the UAE.”