Dubai – Mubasher: Emirates NBD has signed an agreement with Dubai Multi Commodities Centre (DMCC) to enable the existing and new DMCC member companies to pay for DMCC services over multiple instalments using their credit cards at a 0% interest rate.
The partnership will help over 17,500 DMCC member companies to convert DMCC payments for company set-up, renewal, or any other service-related fees into three, six, or 12-month instalments without interests, according to a press release on Tuesday.
This move came after DMCC had launched its largest commercial campaign, the Business Support Package, in March to support its members amid the coronavirus (COVID-19) pandemic and provide them with liquidity and financial flexibility.
The Executive Director of DMCC, Ahmad Hamza, said: "Our partnership with Emirates NBD, alongside the extended and enhanced DMCC Business Support Package, is set to boost Dubai’s economic resilience at this critical time and ensure that the Emirate remains the chosen place for doing business in the coming months and years."
Meanwhile, the Senior Executive Vice President and Head of Retail Banking and Wealth Management at Emirates NBD, Suvo Sarkar, noted: "This is part of a range of measures that we have put in place for SME and individual customers to provide financial relief and support during this time."
