EDB to launch its business banking app in collaboration with YAP

Tuesday 21 September 2021 11:16 CET | News

Emirates Development Bank (EDB) has partnered with fintech company YAP to launch the EDB business banking app which will support SMEs operating in the UAE.

With the app, the business account IBAN can be obtained in minutes and account activation completed in 48 hours. The account is free to all, across all emirates within the country, and comes with no minimum balance criteria.

Through its partnership with YAP, EDB’s Business Banking app will offer a suite of banking facilities including a fully operational business bank account, bill payments, invoicing, budgeting, and analytics.

The launch of EDB’s Business Banking app follows agreement with leading UAE banks to provide credit guarantee schemes and co-lending agreements, aimed at offering direct and indirect lending to SMEs.

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Keywords: banks, partnership, product launch, SMEs, IBAN, fintech
Categories: Banking & Fintech
Countries: United Arab Emirates
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Banking & Fintech

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