Mbank partners with Turkey’s Dgpays to offer digital wallets across UAE

By Arya M Nair, Official Reporter
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Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates, has partnered with Dgpays Group, a B2B Fintech company originally from Turkey and now operating in the MENA region, to offer a digital wallet integrated with next-level financial solutions across the UAE.

The partnership aims to offer facilitated financial solutions to business owners, entrepreneurs, and freelancers by allowing them to seamlessly integrate digital payments into their businesses. This will enable businesses to offer a complete suite of financial services to their customers, enhancing the overall customer experience.

Mbank is leveraging Dgpays’ Fintech platform and capabilities to launch financial products fast and at scale as it empowers businesses with the most technologically-advanced digital banking solutions, allowing this alliance to fall in line with the UAE’s financial services sector efforts in increasing consumer demand for digital products and services.

Mr. Mohammed Wassim Khayata_Mbank & Dgpays partnership
Mr. Mohammed Wassim Khayata
CEO – Mbank

“We are excited to partner with Dgpays in the UAE, a company with a proven track record of providing cutting-edge Fintech solutions. Our goal is to provide businesses with a simple and secure platform that enables them to offer a complete range of financial services to their customers, by offering a digital wallet in dirhams to facilitate the electronic payment process for all segments of society, including individuals and companies.”

Mr. Khayata added that “We are thrilled to share a similar vision as that of Dgpays and support businesses that are a vital segment in the UAE’s economy. We are certain that this collaboration will allow us to offer customers a comprehensive range of financial services so that we can better serve their needs.”

“We are honored to be chosen by Mbank as a strategic technology partner. It’s a very important milestone for us. We are confident that together, we can expand our reach and provide businesses across the MENA region with the best-in-class financial solutions they need to succeed in today’s digital economy,” said Dgpays Group CEO & Founder, Mr. M. Serkan Omerbeyoglu.

In addition, Mr. Ahmet Kayhan, Regional Managing Director and Board Member of Dgpays MEA commented that “We understand the vision of Mbank and truly believe in it. UAE is becoming the center of international growth for our expansion into the Middle East, Africa, and Asia regions. This partnership with Mbank gives us a solid foot in the UAE as we build our B2B Fintech business over the very successful cases we built in Turkey, the UK, and the US.”

Related: Bahrain’s Al Salam Bank brings out Samsung Wallet for customers