NOW Money, a leading digital payroll and financial technology platform, has entered into a strategic partnership with the Commercial Bank of Dubai (CBI) and Network International. This collaboration is set to significantly enhance payroll and financial services for low-income workers across the UAE, offering them greater financial inclusion and access to banking services.
The partnership allows NOW Money to leverage CBI’s robust banking infrastructure and Network International’s comprehensive payment solutions to deliver seamless and secure payroll services. NOW Money’s platform enables companies to pay salaries digitally, which directly benefits employees who may not have access to traditional banking services. By integrating with CBI, NOW Money can offer its users a range of financial services, including the opening of bank accounts, digital wallets, and access to debit cards, thereby broadening their financial access.
Network International, a leading enabler of digital commerce across the Middle East and Africa, will provide the necessary payment processing capabilities. This collaboration ensures that workers using NOW Money’s platform can receive their salaries promptly and securely, access funds through various digital channels, and make payments with ease.
The deal is part of NOW Money’s mission to promote financial inclusion by providing affordable and accessible financial services to the underbanked population in the UAE. With the support of CBI and Network International, NOW Money is poised to scale its operations and reach more workers, empowering them with essential financial tools.
This partnership marks a significant step towards financial inclusion in the region, demonstrating the potential of fintech collaborations to drive meaningful change.