By Andrei Skvarsky.
Emirates NBD, Dubai’s biggest lender, has said its corporate banking division has recorded a month-on-month increase of 60 per cent in digital onboarding as businesses have been responding to lockdowns imposed in the United Arab Emirates in fighting the Covid-19 pandemic.
The division today processes 96 per cent of its payment volumes through digital channels, according to a statement from Emirates NBD.
More than 70 per cent of Emirates NBD’s corporate clients use the bank’s smartBusiness and smartTrade portals, the bank said.
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