NOW Money Partners With CBI, Network International
These collaborations will empower NOW Money to offer comprehensive banking solutions to its customers by leveraging the strengths and expertise of these organisations.
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NOW Money, a fintech that provides banking and payroll solutions to the underbanked migrant population in the Middle East, announced its new strategic partnerships with Commercial Bank International (CBI) and Network International (Network).
These agreements mark a significant milestone in NOW Money’s mission to provide accessible and inclusive financial services to the underserved migrant worker population in the GCC. These collaborations will empower NOW Money to offer even more comprehensive banking solutions to its customers by leveraging the strengths and expertise of these organisations.
The partnership with Commercial Bank International will enable NOW Money to leverage CBI’s robust banking infrastructure and expertise to enhance NOW Money’s capabilities to deliver efficient, secure, and comprehensive banking solutions to its users.
With CBI’s support, NOW Money aims to expand its product offerings, providing more seamless and integrated financial services to its growing customer base.
Network will be NOW Money’s key partner in payment processing. Integrating Network International’s sophisticated payment solutions will enable NOW Money to offer faster, more reliable, and more secure transactions, significantly improving the financial experience for its users.
This partnership is set to bolster NOW Money’s operational efficiency and scale its offering to meet the increasing regional demand for more sophisticated digital financial services in the region.
Nicolas Andine, CEO at NOW Money, commented on the partnerships, “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.”
NOW Money’s innovative approach to mobile banking has already positively impacted the lives of many in the Middle East, with 10,970,647 transactions processed through the platform and AED 2,807,504,300 in salaries paid by over 511 responsible employers.
The strategic alliances with CBI and Network align with NOW Money’s vision to empower the unbanked population by providing them with the tools and resources needed for financial independence. NOW Money continues to lead the charge in the fintech industry, driving forward with its mission to create a more inclusive financial ecosystem.
