Ajman Bank has announced the launch of Ajman Bank AccelRight Business Credit Card in collaboration with Visa. The Memorandum of Understanding between Ajman Bank and Visa was signed at an exclusive signing ceremony attended by Mr. Mustafa Al Khalfawi, CEO of Ajman Bank and Dr. Saeeda Jaffar, Group Country Manager, and Senior Vice President, GCC, Visa.

The AccelRight Visa Business Card supports corporates and businesses in the UAE to grow their businesses and comes with a wide range of benefits tailored to their needs along with flexibility and convenience to manage their expenses and working capital requirements.

Faizal Kundil, Head of Consumer Banking of Ajman Bank, said, “We are excited to introduce the Ajman Bank AccelRight Business Credit Card in collaboration with Visa. This new card has been developed to support the growth of SMEs and empower businesses with unparalleled convenience for managing company expenses effectively. It offers the perfect payment solution with a comprehensive suite of benefits designed to enhance the efficiency of business processes and improve their bottom line.”

Salima Gutieva, Visa’s VP and Country Manager for UAE, added, “We are delighted to partner with Ajman Bank on the AccelRight Visa Business Credit Card. Together, we aim to deliver outstanding advantages and value to Ajman Bank’s business customers, enhancing their ability to manage finances efficiently while enjoying exclusive privileges and offers globally. Ajman Bank AccelRight Visa Business Credit Card has been designed to provide seamless, secure and rewarding experiences to cardholders on their daily business spend from travel to leisure.”

With Ajman Bank AccelRight Visa Business Credit Card, it is easy to separate business expenses from personal expenses for seamless reconciliation. It offers convenient access to a flexible revolving line to support businesses for their working capital requirements. The card offers an array of travel benefits such as discounts at partner hotels, online travel agencies and car rentals.

Other advantages of Ajman Bank AccelRight Visa Business Credit Card include simplified VAT & corporate tax payment, Business Card Liability Waiver (BCLW) providing protection against unauthorized transactions, multi travel insurance, and global customer assistance service to report any lost stolen card, or emergency card replacement.

Network International (Network) has announced a strategic referral partnership with Policybazaar.ae, UAE’s leading financial services aggregator. The partnership aims to offer affordable insurance policies to Network International’s merchant base.

With this partnership, Network’s merchant customers can purchase insurance policies through the Network Expense Hub portal, Network’s real-time payment and expense tracking dashboard. Merchants who sign up for Network Expense Hub will therefore receive value beyond payments through data solutions and value-added services.

Free of charge for Network’s merchant partners, the Network Expense Hub is an intuitive dashboard that allows expense management, transaction visibility through real-time reports, flexible payment options and effortless payments to multiple beneficiaries.

Ronen Spivak, Group Head of Value-Added Services (VAS) – Acquiring, at Network, said: “Network has always been at the forefront of introducing diverse and innovative data solutions and value-added services for our merchants. The Network Expense Hub is a remarkable tool for making easier, transparent, and secure business expenses. We have added yet another critical service for merchants, to protect their business from risk by partnering with Policybazaar.ae. Given the recent floods and the damages to many businesses in the UAE, Network believes insurance adds value to the scope of services offered by the Network Expense Hub.”

Neeraj Gupta, CEO, UAE at Policy Bazaar, said, “At Policybazaar.ae, as one of the leading providers of financial services in the UAE, we are committed to driving innovation and delivering superior value to our customers. Our partnership with Network International marks a significant milestone in our mission to enhance the SME Insurance ecosystem. Through this collaboration, we will showcase our superior SME Insurance solution, enabling completely digital end-to-end online transactions. This partnership is designed to ensure that SMEs have the right prerequisites to thrive in a competitive market, providing them with seamless, efficient, and secure insurance solutions. Together, we are fostering an environment where SMEs can flourish, leveraging cutting-edge technology to streamline operations and drive growth. We are excited about the opportunities this partnership presents and remain dedicated to empowering SMEs with the tools they need for sustainable success.”

Network International has around 60,000 merchants in the UAE and over 120,000 merchants across the region, spanning several sectors including high-end retail, hospitality, electronics, jewellery, and hypermarkets, among others, that stand to benefit from this new instant payment solution.

Ajman Bank PJSC has announced a new contract with Positive Zero, that will enable huge cost and carbon footprint savings. By implementing Positive Zero’s fully financed energy efficiency solutions at their headquarters, Ajman Bank expects to save 28% on energy costs and reduce carbon dioxide emissions by 752 tons annually, equivalent to planting 11,300 trees. Positive Zero is the leader in decarbonizing businesses and communities in the Middle East through a range of on-site clean power, energy efficiency, and electric mobility solutions.

The project involves a 10-year Shared Savings Energy Performance Contract (SSEPC) delivered by Positive Zero’s energy efficiency arm (Taka Solutions), which is the leading provider of energy efficiency services in the region. It includes the implementation of eight energy efficiency measures (or EEMs) tailored to Ajman Bank’s facilities, in line with its robust commitment to environmental sustainability.

Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: “Our strategic partnership with Positive Zero marks a significant milestone in our journey towards sustainability and operational excellence. This collaboration underscores our commitment to innovation and environmental stewardship, reflecting our dedication to not only meet the financial needs of our clients but also to contribute positively to the community and environment we operate in. Leveraging on Taka Solutions’ expertise in energy management, we aim to significantly reduce our carbon footprint and operational costs, setting a new benchmark for sustainable practices in the banking industry. Our collaboration with Positive Zero and Taka Solutions is a testament to Ajman Bank’s ongoing efforts to embrace responsible banking practices that support economic growth while ensuring environmental sustainability.”

David Auriau, Co-Founder and CEO of Positive Zero, commented on the occasion: “We are excited to be working with Ajman Bank in prioritizing energy efficiency to reduce the impact of their own carbon footprint. It unlocks economic opportunities within the banking industry and supports the nationwide drive towards sustainability. Energy efficiency is an imperative to meet the country’s ambitions to become over 40% more efficient by 2050. Along with our trusted partners like Ajman Bank, we are investing and driving the widespread adoption of efficient technologies and solutions to develop more sustainable built environments and smarter cities, helping businesses substantially reduce their consumption, costs and carbon emissions.”

Positive Zero’s team provide financing, implementation, long-term operations, and proactive maintenance of the project’s implemented measures. The project is based on Positive Zero’s model of providing decarbonization-as-a-service, with no up-front investment by customers. This approach is more accessible for the many organizations who are looking to switch to more sustainable practices, such as the deployment of integrated clean energy and efficient technologies.

Positive Zero’s foundational companies have already made remarkable strides in key GCC markets. Taka Solutions, operating as the company’s energy efficiency arm, has achieved energy savings exceeding 100,000 MWh across eight sectors in the United Arab Emirates, which is equivalent to planting more than one million trees.