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Start your banking journey with the leading bank in the region.
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Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
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All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
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Visit our dedicated support center for answers to all your banking-related questions.
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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, 10 June, 2015: Emirates Money, a leading finance company and a subsidiary of Emirates NBD, in collaboration with MasterCard, announced today the launch of its first-ever credit card aimed at meeting the specific credit needs of SME /Micro SME business owners in the UAE
With 75 per cent cash withdrawal facility (of the credit card limit), Emirates Money MasterCard Business Credit Card empowers the entrepreneurs in the UAE to proficiently streamline their day to day finances and cash flows instead of using multiple personal credit cards.
The venture in the credit card space is in line with Emirates Money’s strategy for market dominance in the SME and Micro SME segments. Since its inception in 2008, Emirates Money has given more than 25,000 loans worth AED 7.0 Bn. Emirates Money currently enjoys a significant market share and has been growing faster than the market in the key product groups of vehicle financing, business loans, merchant loans and mortgage-backed loans.
"The introduction of the Emirates Money MasterCard Business Credit Card will add tremendous value to our existing and new customers, as well as aid Emirates Money in offering a competitive range of financial products to its customers," said Suvo Sarkar, Chairman of Emirates Money. "This offering will position Emirates Money as an end-to-end finance solutions provider for SME entrepreneurs in the UAE, leveraging the existing range of tailor-made solutions to meet all their financing and payment needs.
"We expect 25 to 30 per cent of our customer base in the UAE to take advantage of this unique offering," Suvo added.
Vikas Thapar, CEO of Emirates Money, said: "Our foray into the credit card domain is a result of an extensive market research amongst business owners. Many entrepreneurs in the UAE currently use multiple personal cards for their business expenses because the credit limit for personal credit cards is limited. With a high cash withdrawal limit as well as attractive discounts and offers, the Emirates Money MasterCard Business Credit Card not only enables cardholders to manage their businesses efficiently, but also rewards them for simply using their card for business and personal expenses."
Business owners can enjoy savings though attractive 5 per cent cash back on local and international purchases, in addition to earning cash back on all spends on government related fee payments, hotels, utility bills and international travel. The card comes with a unique business protector insurance covering the primary card holder, offering insurance of up to AED250,000 (in the event of death or permanent total disability of card holder). This feature also covers the card holder for office utility bills, office rentals and staff salaries
The Emirates Money MasterCard Business Credit Card has a large network of partner tie-ups, enabling attractive discounts on PRO services, rent –a- car services, office furniture, professional services, among others. All purchases can be converted into easy installments and Dial-a-Cheque facility is also available. In addition, Business owners can also enjoy lifestyle benefits such as complementary golf and airport lounge access. The card offers dining discounts of up to 30 per cent at a number of restaurants and discounts of up to 50 per cent at over 500 fitness & wellness centers across the UAE.
Speaking about the new product offering, Eyad Al Kourdi, Country Manager – UAE, MasterCard commented: "MasterCard is committed to supporting the UAE’s flourishing SME sector, which plays a vital role in driving the economy. The Emirates Money MasterCard Business Credit Card will enable small and medium-size businesses to avoid the pitfalls of cash and enjoy the increased speed, convenience, security and transparency of electronic payments."
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