Abu Dhabi: Al Maryah Community Bank (Mbank), a leading digital bank in the UAE, proudly announces its collaboration with First Abu Dhabi Bank (FAB), one of the UAE's largest financial institutions. This alliance unlocks an open banking opportunity, reshaping the local financial services landscape by expanding Mbank’s geographical network. The strategic collaboration aims to integrate Mbank's services with the FABePay portal, offering both retail and corporate customers seamless access to cash and cheque deposits at an extensive network of 396 ATMs and Cash Deposit Machines (CDMs) across the UAE.
This agreement marks a significant milestone for Mbank, reinforcing its commitment to providing enhanced convenience and accessibility for its valued customers, wherever they may be in the UAE. By leveraging FAB’s extensive reach and robust infrastructure, Mbank aims to expand its service footprint, ensuring customers can conveniently manage their banking needs, irrespective of their location.
The process of depositing cash and cheques at FAB ATMs and CDMs across all Emirates in the UAE is designed with simplicity and ease in mind. Mbank customers can effortlessly generate a unique reference code for cash and cheque deposits through Mbank's digital channels, and this unique code can then be utilized at FAB's ATMs and CDMs to complete the deposit transactions securely.
The partnership represents a forward-thinking approach to enhancing banking accessibility and convenience for customers. By integrating Mbank’s service with FAB’s wide network, it pioneers innovative solutions that meet the evolving needs of the financial landscape. This collaboration reflects the strategic vision of FAB to drive growth and access to financial services across the UAE.
Mohammed Wassim Khayata, Mbank’s Chief Executive Officer commented: "We are excited about our partnership with FAB, the UAE’s largest bank, which marks a pivotal step in our journey to provide unparalleled widespread convenience to our customers. This integration not only expands our service capabilities but also reinforces our commitment to leveraging innovative solutions to enhance the banking experience for our clientele across the UAE. In addition to being the leading digital bank that’s in everyone’s pocket, we are proud to now have the biggest cash and cheque deposit network in the Nation, thanks to our partnership with First Abu Dhabi Bank.”
Suresh Yeraballi, Product Manager at Mbank said, "This partnership opens up new avenues for innovation and customer-centric solutions. We are eager to integrate the FABePay portal into our ecosystem, ensuring our customers have access to a wider range of banking services, all from the convenience of their Mbank platform."
