Dubai Chambers has strengthened its support for the business community by signing memorandums of understanding with four specialised fintech companies to expand access to alternative banking solutions for small and medium-sized enterprises (SMEs). The move is intended to enhance financial inclusion and reinforce Dubai’s entrepreneurial ecosystem.
The agreements with Mamo, Qashio, Pemo and Vault establish a collaborative framework to deliver practical financial tools that enable businesses to operate more efficiently. Through these partnerships, SMEs will be able to access solutions such as alternative savings options, working capital support, digital corporate cards and streamlined online payment systems — all critical components for sustainable growth.
Khalid Al Jarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, emphasised that partnering with fintech innovators reflects a strategic step towards fostering a more agile and competitive business environment. Facilitating direct access to advanced financial services is expected to remove operational bottlenecks and accelerate SME expansion.
As part of the collaboration, Dubai Chambers and its fintech partners will also roll out workshops, awareness initiatives and incentive programmes aimed at promoting digital adoption. These efforts will focus on enhancing financial literacy, automating processes and equipping SMEs with the digital capabilities required to thrive in an increasingly technology-driven economy.
