Commercial Bank of Dubai to give Rateb customers access to NOW Money

Commercial Bank of Dubai to give Rateb customers access to NOW Money

Commercial Bank of Dubai (CBD) has signed a partnership agreement with app-based, NOW Money, to provide accounts and cards for low-income customers with a monthly income of AED 7000 and below. The partnership will open accounts for current CBD Rateb customers immediately on NOW Money.NOW Money works with companies as a payroll service, creating a payroll portal with every employee receiving a NOW Money account, card and an app, which gives them the ability to remit money overseas safely and quickly at low cost. NOW Money and CBD believe that the partnership will empower companies to provide a personal and convenient financial experience that has been lacking in the market to date. These accounts will also be offered to customers currently not banking with CBD.NOW Money's cofounder Ian Dillon pointed