Emirates NBD launches UAE's first digital business bank.

Emirates NBD on Wednesday announced that it has created E20., the UAE's first digital business bank for entrepreneurs and small and meduim-sized Enterprises, SMEs, businesses.

In a press release issued by Emirates NBD, E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies to open a bank account and carry out their day-to-day banking requirements easily through a mobile app as well as access a variety of services to help them in managing their business.

Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, said, "Emirates NBD has a shared commitment to the growth and development of young businesses in the UAE and we are pleased to be launching E20, a custom-built digital business bank that will support the courage of entrepreneurs and enable start-ups as well as emerging and established small business owners to access banking services and more, seamlessly and conveniently, helping them focus more of their time on growing their business."

According to a recent report released by Dubai Chamber in conjunction with the UAE Ministry of Economy on the...