Mashreq goes beyond banking with the launch of Mashreq Business Banking Value Added Services

Launch of the Mashreq Business Banking Value Added Services platform with ten non-banking service providers

Platform users receive discounts for a suite of human resources, office space, cloud providers and other non-banking services

Dubai, United Arab Emirates: Mashreq, one of the leading financial institutions in the United Arab Emirates, has launched a non-banking business services platform called Mashreq Business Banking Value Added Services, as part of the Bank’s commitment promote business success and help SMEs do business better.

The new platform offers businesses privileged access to a selected group of innovative fintechs, start-ups and other service providers with a range of unique offers, products and discounts for banking customers. Mashreq and NEOBiz companies.

After launching with a batch of ten companies, Mashreq is expected to go live with ten more over the next few weeks. The new leadership will see Mashreq create a one-click platform within online business banking that integrates service providers and their transactions into a business services ecosystem. The new website can be accessed via the following link:
Thomas Baxendale, Head of Corporate Banking Ecosystems, Mashreq, said: “We understand that entrepreneurship is at the heart of a sustainable and purposeful economy, which is why Mashreq has always been ahead of the race when it comes to is about fostering entrepreneurship in our country. Region. We are therefore delighted to be the first bank to partner with start-ups and fintechs in a way to provide access to their services to our investment banking customers. We have always – and will continue to be – partners with leading fintechs, because entrepreneurs are the backbone of our economy thanks to their ability to create innovative products and services.

Rajeev Chalisgaonkar, Head of Business Banking & NEOBiz, said, “What we provide is a one stop shop with everything you need to boost your business, with powerful add-ons. This is part of 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 covering a wide range of business needs, including: 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 services offer:
Mashreq has partnered with EmiratesHR, a secure, cloud-based HR and payroll software solution specifically designed for the UAE and the GCC to help organizations of all sizes streamline HR processes and interact with employees in a meaningful way. more efficient and accurate, saving time and money. EmiratesHR is available in over 35 countries and serves 40,000 daily users. NEOBiz customers can benefit from a 40% discount using this link and the PROMOCODE: HR50.

Mashreq has also partnered with Letswork, which has over 100 work-friendly coworking spaces, hotels and cafes across the UAE. The global workplace provider offers flexible solutions, productive spaces and inspiring community experiences for freelancers, growing businesses and enterprises. Mashreq NEOBiz customers get a 25% discount when signing up using PROMOCODE: NEOBIZ25. While NEOBiz customers benefit from a 15% discount if they are already registered using this link and using the PROMOCODE: NEOBIZ15.

And a collaboration with wannago, which offers a complete suite of cloud-managed security products and solutions, will allow NEOBiz customers to benefit from a 15% discount on standard installation fees by using this link and by using PROMOCODE: NEOWGC.

NEOBiz, the Mashreq’s first digital banking platform designed specifically for start-ups and SMEs, saw 400% growth in customer acquisition in 2021.

About Tammy N. McFarlane

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