Dubai's CommerCity joins forces with Ziina for streamlined financial management of small and medium enterprises (SMEs)
In a significant move to bolster financial services and streamline business operations for small and medium-sized enterprises (SMEs) in Dubai, Dubai CommerCity, the city's first free zone dedicated to digital commerce, has partnered with Ziina, UAE's leading financial services provider [1][3].
The strategic collaboration, which aligns with Dubai's broader D33 economic agenda, aims to simplify and streamline financial operations for SMEs operating within Dubai CommerCity [2]. It will offer frictionless and innovative payment solutions tailored to the needs of digital commerce companies and startups [1][3].
Key benefits of this partnership include:
1. Simplified financial services: Ziina will bring its expertise to offer SMEs easy-to-use, efficient digital payment systems. This will reduce complexity in financial transactions and reconciliations for businesses in the free zone [1][3].
2. Facilitation of business growth and setup: By integrating streamlined payment processing and financial tools, SMEs can accelerate their operational workflows, thereby facilitating smoother business establishment and expansion within Dubai CommerCity [3].
3. Support for the digital commerce ecosystem: The tailored financial solutions align with Dubai CommerCity’s mission as a free zone focused on digital trade, enabling enterprises to leverage cutting-edge financial infrastructure to scale their digital commerce activities [1][2].
Future initiatives include tools like instant transfers, QR code payments, Tap to Pay, launching a co-branded bank card, and creating multi-currency virtual IBAN accounts [1]. The partnership extends to Ziina featuring DCC's services within its app, allowing entrepreneurs to register their businesses with ease [4].
Dubai CommerCity, a joint venture between the Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Properties, has made this announcement [5]. The agreement was signed by Amna Lootah, Board Member of Dubai CommerCity, and Faisal Toukan, Co-founder and CEO of Ziina [6].
This partnership is built on DIEZ's investment in Ziina through its venture arm, Oraseya Capital [7]. It creates an integrated ecosystem that merges business registration and financial management, positioning Dubai as a global hub for entrepreneurship and digital trade [8].
[1] Dubai CommerCity, Press Release, 2022. [2] D33, Economic Agenda, 2021. [3] Ziina, About Us, 2022. [4] Dubai CommerCity, Partnership with Ziina, 2022. [5] Dubai Integrated Economic Zones Authority (DIEZ), About Us, 2022. [6] Ziina, News & Media, 2022. [7] Oraseya Capital, Portfolio, 2022. [8] Dubai CommerCity, Vision & Mission, 2022.
- The partnership between Dubai CommerCity and Ziina is a significant step towards innovation in financial services, aiming to simplify and streamline financial operations for small and medium-sized enterprises (SMEs) within Dubai CommerCity.
- As part of the strategic collaboration, Ziina will offer SMEs easy-to-use, efficient digital payment systems, reducing complexity in financial transactions and reconciliations.
- The tailored financial solutions from Ziina will support the digital commerce ecosystem, aligning with Dubai CommerCity’s mission as a free zone focused on digital trade.
- Future initiatives include tools like instant transfers, QR code payments, Tap to Pay, launching a co-branded bank card, and creating multi-currency virtual IBAN accounts.
- The partnership extends beyond financial services, with Ziina featuring DCC's services within its app, allowing entrepreneurs to register their businesses with ease, creating an integrated ecosystem that merges business registration and financial management.
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