- Berg Money, a provider of online money transfers, has said that it will be launching its financial technology platform for small to medium-sized enterprises in the United Arab Emirates.
- SMEs in the country can submit an application to open an account and then start using it after 24 hours.
- “Our value lies in the ability to remove hurdles when it comes to opening a business account and offering payment services at a fraction of the cost versus traditional banks and legacy providers,” said a senior spokesperson for Berg.
Berg Money, a provider of international money transfer services operating on a global level, has confirmed that it will be bringing a new service to the United Arab Emirates.
The firm said that it will be launching its financial technology platform for small to medium-sized enterprises in the country.
The tool allows companies of that size to make transactions in a number of international currencies. This improves global trade while also reducing the cost of operations and foreign exchange charges.
SMEs in the country can submit an application to open an account, and then start using it after 24 hours. From there, they will be able to look after their financial affairs using the mobile phone app.
They will also be able to access IBAN numbers, allowing them to do banking around the world in multiple currencies, and manage employee bank cards that have been given to their workers.
In a statement, Berg CEO Dennis Nemerov explained that it will lead to better service.
“We are excited to offer our customers a better experience and improved service levels,” said Nemerov.
“Our platform provides much-needed reliability and transparency for companies doing business internationally,” he explained.
He also said that the firm could break down barriers in this sense – especially in comparison to “legacy providers” such as banks.
“Our value lies in the ability to remove hurdles when it comes to opening a business account and offering payment services at the fraction of the cost versus traditional banks and legacy providers,” he said.
“We aim to onboard and activate customers on the same day allowing them to start trading, pay and be paid by their suppliers and partners. All of this is now available through one mobile app and one dashboard to stay in control of your business finances.”
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