Mashreq moves beyond banking with the launch of Mashreq Business Banking Value Added Services
- Mashreq is the first bank in the Middle East region to launch aspecific platform for businesses to access non-banking services
- Mashreq Business Banking Value Added Servicesplatform launches with ten non-banking service providers
- Platform users receive discounts for a suite of HR, office space, cloud providersand other non-banking services
Dubai, UAE, 01 August 2022: 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 providerswith a range of unique offerings, productsand discounts for Mashreq’s business banking and NEOBiz 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 builda one-click platform within Business Banking online that integrates service providers and their transactions within one business services ecosystem.The new website can be accessedusing the following link: https://www.mashreqbank.com/en/uae/business/partnerships/value-added-services
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 fintechsin a way that provides our business banking customers with access to their services.We always have – and will continue to – partner with leading fintechsbecause entrepreneurs are the backbone of our economy through their ability to create innovative products and services.”
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.”
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).
Mashreq Business Banking Value Added Servicesoffers:
Mashreq has partnered with EmiratesHR, a secure cloud-based HR and Payroll software solution specifically designed for the UAE and GCC to help organizations of any size streamline HR processes and engage with employees more efficiently and accurately, saving time and money. EmiratesHR is available in more than 35 countries and serves 40,000 daily users. NEOBiz customers can get a 40% discount using this link and PROMOCODE: HR50.
Mashreq has also joined forces with Letswork, which has over 100 co-working spaces, hotels and work-friendly cafes across the UAE. The global workplace provider delivers flexible solutions, productive spaces and inspiring community experiences for freelancers, growing companies and corporates.Mashreq’s NEOBiz customers get a 25% discount when they sign-up using the PROMOCODE: NEOBIZ25. WhileNEOBiz customers get a 15% discount if they are already registered using this link and using PROMOCODE: NEOBIZ15.
And a collaboration with wannago, which offers a comprehensive suite of cloud-managed products and security solutions, will see NEOBiz customers receive a 15% discount on the standard set-up fee by using this link and using PROMOCODE: NEOWGC.
NEOBiz, Mashreq’s first digital banking platform designed specifically for start-ups and SMEs, witnessed a 400% growth in customer acquisition in 2021.
One of the UAE’s best-performing banks for five decades, Mashreq is a leading financial institution with an expanding footprint across the Middle East. We have international offices in Europe, Asia, Africa and the US, and a strong presence in the financial capitals of the world.
As the oldest bank in the UAE, our journey can be traced back to humble beginnings in 1967, followed by periods of rapid growth and strategic expansion. Throughout our history, Mashreq has differentiated itself by pioneering new-to-market concepts and launching unique products and services.
Our innovative approach sets us truly apart, and it also continues to win us numerous awards and accolades across all fields, including digital banking, the most recent were: Market Leader by Euromoney Cash Management Survey in the UAE for Corporates and in the Middle East and Africa for the Financial Institutions, Market Leader by Trade Finance Survey in the UAE and the Middle East, Middle East Best Digital Bank by Euromoney Regional Awards for Excellence, the Most Innovative Consumer/Corporate Digital Bank in the UAE and Best Bank in the UAE by World’s Best Bank Awards by Global Finance, Most Innovative Bank in the Middle East by EMEA Finance and many others.