NOW Money, the leading fintech company based in Dubai, has entered into partnerships with Commercial Bank International (CBI) and Network International (Network).
Under this initiative, NOW Money seeks to offer accessible and inclusive financial services to the under-deserved migrant worker population in the GCC region. This collaboration will strengthen the bank to offer more comprehensive banking solutions to its customers by leveraging the strengths and expertise of these organizations.
Nicolas Andine CEO – NOW Money
“These agreements will further champion financial inclusion, advance banking security and bring greater innovation to the digital banking ecosystem for businesses, and most importantly for low-income workers, across the UAE in an increasingly cashless society. Our first priority has always been our customers and users and we want to make sure we offer them a best-in-class digital payroll and mobile banking experience combined with local hands-on customer service. We will continue to deliver the very best experience to our customers, and we look forward to the next chapter with our new banking partners.”
Giovanni Everduin, Chief Strategy & Innovation Officer at CBI, commented that, “A core part of our strategy is to focus on partnership-driven innovation to serve the vision of the UAE’s leadership to become a leading financial services hub. Working with partners like NOW Money and Network International reflects our ambition to increase the supply of sophisticated digital financial services in the country and to further drive financial inclusion as part of our standing commitment to sustainable finance.”
Network will be NOW Money’s key partner in payment processing. NOW Money aims to enhance the financial experience of its users by integrating Network International’s sophisticated payment solutions. This partnership will strengthen NOW Money’s operational efficiency and scale its offering to meet the increasing demand for more sophisticated digital financial services in the region.
Navneet Dave, Managing Director & Co-Head of Processing Middle East at Network International, said that, “We are thrilled to be NOW Money’s chosen partner to expedite the expansion of payroll cards in the UAE. We are committed to supporting NOW Money’s growth strategy of promoting financial inclusion by providing innovative payment solutions. With Network’s exceptional technological capabilities, serving over 200 financial institutions, we will enable NOW Money to bolster its presence in the UAE as one of the leading payroll services providers.”
NOW Money’s strategic partnerships with CBI and Network align with its vision to empower the unbanked population by providing necessary tools and resources for financial independence. This initiative highlights NOW Money’s unwavering commitment to building a more inclusive financial ecosystem.
