Neopay, Commercial Bank of Dubai Partner to Strengthen Access to Funds for SMEs

Neopay, a leading payments solutions provider in the UAE, has partnered with Commercial Bank of Dubai (CBD) to help small and medium-sized enterprises (SMEs) gain easier access to financing for their working capital requirements and banking services, supporting their growth and day-to-day business needs.

Through the partnership, eligible Neopay merchants will be able to explore financing options from CBD to support their growth, expansion and working capital requirements. By bringing payment data and banking capabilities together, Neopay and CBD aim to make the process of accessing working capital simpler and more convenient for SMEs.

Working capital plays a critical role in the day-to-day operations of businesses, helping them manage expenses, meet commitments and invest in opportunities as they arise. However, accessing timely financing can often be a challenge for SMEs. Together, NEOPAY and CBD are working to create a more accessible route to financing by using transaction activity to provide greater visibility into a business’s performance.

The partnership combines NEOPAY’s payment infrastructure and merchant ecosystem with CBD’s banking expertise and financing capabilities. Together, the two organisations will help eligible businesses explore financing solutions that can support their operational requirements and business ambitions.

The partnership agreement was signed by Vibhor Mundhada, CEO of Neopay, and Dhiraj Kunwar, General Manager, Retail & Business Banking at Commercial Bank of Dubai (CBD).

Vibhor Mundhada, CEO of Neopay, said: “SMEs want banking and payment solutions that work seamlessly together. By bringing these capabilities together, we are making it easier for merchants to access financing and support their growth ambitions. Every day, businesses generate valuable transaction data that reflects the rhythm and scale of their operations. When used correctly, these insights can help create a more informed approach to financing.

"Our partnership with CBD brings together Neopay’s payments ecosystem and the Bank’s financial expertise to make that connection possible, giving eligible merchants a clearer and more seamless path to accessing the capital they need to keep their businesses moving.”