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Emirates Digital Bank launches UP for SMBs
Commercial Bank of Dubai (CBD) has announced the launch of UP by CBD, an integrated digital banking platform accessible via mobile phone designed to support small and micro businesses in establishing their accounts and managing their funds quickly and flexibly. The platform allows users to open an account within minutes through a direct connection with the Dubai Unified License, offering accounts with no minimum balance. It also provides dedicated credit cards to facilitate financing and early-stage growth for businesses. Additionally, partnerships with government entities such as the Dubai Department of Economy and Tourism (DET) help reduce account activation time from governmental registration to banking operations to just a few minutes, aiming to enhance Dubai’s position as a global business hub built on advanced technology within Dubai’s D33 economic strategy.
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