CBD has announced the launch of UP by CBD, a mobile bank designed to help micro and small businesses set up their bank account and manage their finances.
UP by CBD combines fast mobile account opening with instant access to credit, payroll solutions, transfers, and savings – all within a single mobile app.
Collaborating with ecosystem partners, including the Dubai Department of Economy and Tourism (DET) the platform integrates directly with the Dubai Unified Licence (DUL) to streamline the transition from business registration to banking activation, further accelerating Dubai’s position as a leading global hub for business and investment, aligned with the Dubai Economic Agenda, D33.
UP by CBD removes onboarding friction for small business owners in the UAE, providing faster access to financial infrastructure and the platform required to grow from their first day of business.
Fast and easy mobile onboarding–Apply in minutes through digital verification and direct integration with the Dubai Unified Licence (DUL) and other trade licence authorities, UP by CBD simplifies onboarding, allowing businesses to get fast access to banking like never before.
Day one growth-Businesses are eligible for instant business credit card designed to support early-stage cash flow needs, helping business owners fund initial operations, manage expenses and support growth from the moment their business is licensed.
Zero balance account–Built for early-stage and growing businesses, UP by CBD offers a zero-balance account with flexible subscription plans.
“Our partnership with the Dubai Department of Economy and Tourism reflects a shared commitment to strengthening the foundations of Dubai’s micro and small business economy, in line with the ambitions of the Dubai Economic Agenda, D33,” stated Dr. Bernd van Linder, Chief Executive Officer, CBD.
“We are helping entrepreneurs move seamlessly from business setup to operation, allowing them to focus on what matters most, growing their business from day one,” added Dhiraj Kunwar, General Manager, Retail & Business Banking, CBD.
