Dubai, UAE – In a significant move to enhance financial inclusion and literacy among the underbanked population, Galadari Brothers, a prominent UAE-based conglomerate, has announced a strategic partnership with myZoi, a fintech portfolio company supported by SC Ventures. The signing ceremony at the Galadari Brothers’ headquarters officially inaugurated the partnership.officially inaugurated through a signing ceremony held at the Galadari Brothers’ headquarters.
Key executives signed the agreement, including Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers; Rola Abu Manneh, CEO of Standard Chartered UAE, Middle East, and Pakistan; R V Ramanan, Group CFO of Galadari Brothers; and Syed Muhammad Ali, CEO of myZoi.
Addressing Financial Challenges
The collaboration aims to tackle prevalent financial challenges faced by many employees, such as high remittance fees, lack of personalized financial services, and limited transparency in financial processes. By integrating myZoi’s digital solutions, Galadari Brothers seeks to empower its workforce with accessible and affordable financial services.
Empowering the Underbanked
Through this partnership, Galadari Brothers’ employees will be able to receive their salaries directly into the myZoi wallet, enabling them to make international money transfers at competitive rates. Additionally, employees will have access to tools and resources to enhance their financial literacy, helping them save and manage their finances more effectively.
Commitment to Innovation and Economic Growth
This strategic alliance not only demonstrates both organizations’ commitment to improving the financial well-being of underserved populations but also supports the UAE’s broader goals of economic growth and digital transformation. The partnership aims to contribute positively to the UAE’s digital landscape and economic development by bringing more individuals into the formal financial services ecosystem.
A New Era of Financial Services
This partnership between Galadari Brothers and myZoi highlights the potential for innovation in financial services to drive meaningful change. The collaboration aims to deliver significant benefits to Galadari’s employees and serve as a model for similar initiatives in the region by leveraging digital solutions.
