Dubai CommerCity Collaborates with Ziina to Streamline Digital Payments for Small and Medium Enterprises
Dubai CommerCity, a free zone dedicated to digital commerce, has entered a strategic partnership with Ziina, the UAE's leading financial services provider. This alliance is designed to offer simplified and frictionless financial solutions to small and medium-sized enterprises (SMEs) in Dubai, aligning with Dubai's commitment to driving innovation and strengthening its digital ecosystem in line with the D33 economic agenda.
The partnership builds upon a strategic investment by DIEZ (Dubai Integrated Economic Zones Authority) in Ziina, through its venture capital arm Oraseya Capital. This shared commitment to fostering high-growth startups and integrating them into Dubai’s dynamic business ecosystem is evident in the collaboration's focus on providing innovative financial solutions tailored to the needs of businesses operating within Dubai’s free zones.
**Innovative Financial Infrastructure**
The partnership aims to make advanced financial tools accessible to all businesses, reinforcing Dubai’s vision of becoming a global hub for entrepreneurship and digital innovation. Key offerings include the launch of a co-branded bank card and multi-currency virtual IBAN accounts, designed to help SMEs manage their financial operations more efficiently.
**Support for SME Growth**
By offering fast, secure, and easy payment solutions, the partnership equips SMEs with the tools they need to thrive in a digitally driven economy. The collaboration is part of Dubai CommerCity’s broader strategy to improve the investor experience and streamline the process of setting up businesses within Dubai’s free zones.
Ziina will provide a suite of payment solutions such as instant transfers, payment links, QR code payments, Tap to Pay, and NFC-enabled cards. Dubai CommerCity, in turn, will actively promote Ziina's services to its current and prospective clients, offering them access to a range of seamless and instant payment solutions with exemptions on transaction fees.
**Empowering Businesses**
The initiative aligns with the Dubai Economic Agenda (D33), aiming to position Dubai as a leader in digital entrepreneurship and innovation. The partnership promises to streamline financial operations for both parties, delivering exclusive benefits through a shared system. The agreement, signed by Amna Lootah, Board Member of Dubai CommerCity, and Faisal Toukan, Co-founder and CEO of Ziina, underscores Dubai CommerCity's commitment to fostering digital innovation.
Ziina, licensed by the Central Bank of the UAE, will introduce Dubai CommerCity's services through its smart application, allowing users to share data for free zone registration and access Dubai CommerCity's wide range of products and services. The partnership is an example of how capital, innovation, and ecosystem enablers can come together to create meaningful impact for the next generation of SMEs in Dubai. The initiative aims to empower companies and entrepreneurs with the tools they need to succeed.
Overall, the partnership is designed to accelerate the adoption of digital financial services among SMEs, making it easier for them to operate, scale, and compete in Dubai’s globalized business environment. This strategic collaboration between Dubai CommerCity and Ziina is a significant step towards realising Dubai's vision of becoming a leading hub for digital entrepreneurship and innovation.
- The partnership between Dubai CommerCity and Ziina, reinforced by the investment from Oraseya Capital, aims to establish innovative financial infrastructure that provides SMEs operating within Dubai’s free zones with seamless and efficient financial solutions.
- This collaboration, in alignment with Dubai’s D33 economic agenda, seeks to empower businesses by offering advanced tools such as co-branded bank cards, virtual IBAN accounts, and various payment solutions, ultimately making it simpler for SMEs to thrive in Dubai’s digital-driven business landscape.
