‘Bank in Al Maryah Community agrees to Memorandum of Understanding with Dubai Multi Commodities Centre’

Abu Dhabi, UAE – Al Maryah Community Bank (Mbank), a leading digital bank in the UAE, has signed a Memorandum of Understanding (MoU) with Dubai Multi Commodities Centre (DMCC) to simplify the process of opening business accounts within DMCC through Mbank’s integrated digital platform.

Through Mbank’s Corporate Platform, companies looking to establish themselves in DMCC can now complete their business bank account opening in just six easy steps, within 48 hours. The account offered has no minimum balance requirements or monthly fees, giving businesses access to a wide range of secure, customized, and advanced digital banking solutions to enhance their operations.

Businesses based in DMCC can take advantage of Mbank’s Corporate Platform, which offers a variety of services such as Current & Savings accounts, Online/Mobile banking, the Wages Protection System (WPS), Overdrafts, Loans, and Trade Finance. The platform also includes features like real-time account monitoring, customizable alerts and workflows, quick local fund transfers, standing order instructions, and automated payment tools to help businesses manage their financial operations efficiently and improve cash flow.

Ahmad Hamza, Executive Director of DMCC, stated that the partnership with Al Maryah Community Bank aims to improve the ease of doing business within DMCC by providing agile solutions and streamlined processes to support business growth and success. Ahmed Al Hammadi, Head of SME Coverage at Mbank, emphasized Mbank’s commitment to offering innovative, secure, and fully digital banking solutions to support the UAE’s digital economy vision and contribute to the growth and success of businesses by providing necessary banking and investment tools.