Dubai Chambers, Wio Bank to back SME growth

Dubai Chambers has partnered with Wio Bank to provide digital banking and financing services to small and medium-sized enterprises (SMEs), including businesses involved in logistics and trade. The agreement will help logistics companies access business accounts and credit solutions to manage transport costs, supplier payments and daily operations.

The initiative will help SMEs in logistics, trade and supply chain activities manage cash flow more efficiently and access financial services needed for day-to-day business operations. Faster access to banking and credit solutions can help companies handle business expenses, support transactions and improve operational efficiency.

Through the agreement, SMEs will benefit from a simplified digital account opening process with Wio Bank, along with financing options designed to support business growth.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the partnership will simplify access to digital banking and financing for SMEs. The partnership strengthens support available to SMEs operating across Dubai’s business ecosystem, including companies involved in trade and supply chain services.