Meydan Free Zone business owners can exclusively benefit from the digital application Meydan Pay. It is the first and only digital solution in the UAE that enables businesses to obtain an instant and guaranteed IBAN with the license. The app allows a 360-degree digital experience that eases business transactions.
“Meydan Free Zone is a thriving community that offers businesses a secure, innovative and a technologically advanced environment that empowers entrepreneurs in achieving their dreams. Our expert team constantly works on enhancing the company formation journey by easing processes and assisting in set up services” commented Omar Khoory, Chief Assets Officer, Meydan Free Zone.
This tailor-made banking solution eases one of the many key challenges of getting a bank account for the entrepreneurs allowing them to focus on the strength, growth, and expansion of the business. The application is a fully digital solution that is easily available on Google Play Store. Meydan Free Zone further simplifies the most important day to day business activity – transactions. With the aim of creating paperless experience, Meydan Pay App enables entrepreneurs to generate invoices, accept and make payments through one click of a button eliminating lengthy and time-consuming bank transfers. The App is open to all nationalities, residents, and foreigners as well. Not only this, but Meydan Free Zone has partnered with several local banks and Ansari Exchange which makes it easier to withdraw the monies as and when required.
The all-digital portal acts as an e-wallet which enables businesses to pay bills through the virtual account. It not only gives insights, data and analytics on the account’s transaction history but also acts as a Point of Sale (POS) Machine for retail businesses.
