ADIB Launches B2B Marketplace to Empower Small and Medium Enterprises
Summary
ADIB has launched ADIB Business Souq, a digital marketplace supporting SMEs in the UAE. The platform reduces business costs by providing exclusive offers and discounts on essential services. Users can access services by logging in with their UAE mobile number, name, and OTP. ADIB Business Souq is open to all UAE SMEs, offering a community of suppliers. Amit Malhotra, Global Head of Retail Banking at ADIB, emphasizes the platform's role in connecting SMEs with services such as accounting, HR, consultancy, and IT.Introduction
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has unveiled a groundbreaking initiative – the ADIB Business Souq. This digital marketplace is designed to revolutionize support for Small and Medium-sized Enterprises (SMEs), offering a comprehensive platform for business solutions.
About ADIB Business Souq
ADIB Business Souq is an all-in-one digital platform that aims to significantly reduce the cost of doing business for SMEs. The platform provides a wide range of exclusive offers and discounts, creating an online ecosystem for businesses to access various services conveniently.
Users can log in to the platform using their UAE mobile number, name, and OTP, gaining access to a growing array of services and offers. Once logged in, they can select desired offers, submit request forms, and expect partner brands to respond promptly, typically within 48 working hours.
Amit Malhotra, Global Head of Retail Banking at ADIB, emphasized, "The ADIB Business Souq is a game-changer for SMEs in the UAE. It digitally connects SMEs with essential services such as accounting, HR, consultancy, and IT, showcasing ADIB's commitment to supporting SME growth and success."
How It Works
Upon raising a request, users receive email and SMS notifications, and the request history can be tracked on the platform. Partner brands then contact users to discuss requirements and finalize pricing after applying discounts. Users receive a confirmation email once their offers become active.
Accessibility and Community
ADIB Business Souq is not exclusive to ADIB customers; it is accessible to all SMEs in the UAE. In addition to accessing services and offers, business owners can benefit from a ready community of suppliers available through this free-of-charge service. New SME customers can also open an ADIB account instantly through a fully automated process.
About ADIB
Abu Dhabi Islamic Bank (ADIB) is a leading bank in the UAE and one of the largest Islamic banks globally. Incorporated in 1997, ADIB has demonstrated consistent growth, with assets totaling AED 182 billion. The bank serves over 1 million customers, offering a balanced proposition of personalized customer experience and world-class digital banking services.
ADIB provides comprehensive banking solutions for individuals, corporates, and affluent customers. The bank's digital transformation journey focuses on delivering the best possible banking experience to customers.
With a presence in strategic markets globally, ADIB has received numerous awards, including the World's Best Islamic Bank and Best Bank in the UAE.