Mbank Partners with FAB to Offer Customers Cash & Cheque Deposits
Al Maryah Community Bank (Mbank) proudly announces its collaboration with First Abu Dhabi Bank (FAB), one of the UAE’s largest and most trusted financial institutions in the world, and unlocks an open banking opportunity whereby it reshapes its local financial services landscape and expands its geographical network. This strategic partnership aims to integrate Mbank’s services with FABePay portal, offering both retail and corporate customers seamless access to deposit cash and cheques at an extensive network of 194 ATMs and Cash Deposit Machines (CDMs) across the UAE.
This collaboration marks a significant milestone for Mbank, reinforcing its commitment to providing enhanced convenience 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.
On this occasion, 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 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.”