We’re excited to announce the launch of our UAE local collection account, designed to help businesses seize opportunities in the Middle East.
Since the 2022 Qatar World Cup and with the ongoing Belt and Road Initiative, the Middle East has become an attractive market for global trade and cross-border e-commerce businesses.
Among these, the UAE stands out with its approximately 10 million population, a per capita GDP of $50,600, a 99% internet penetration rate, and a 66.1% e-commerce penetration rate. Additionally, Dubai is home to the world’s third-largest re-export trade centre, making the UAE a prime choice for many businesses aiming to enter the Middle Eastern market.
As such, following our successful rollout of local payment solutions in Southeast Asia, Latin America, and Africa we have launched a UAE collection account. By partnering with leading international banks, SUNRATE will support businesses with local accounts that allow for direct AED collections, providing strong support for B2B trade and cross-border e-commerce in the Middle East.
SUNRATE’s UAE local collection account offers several key benefits:
Instant Activation and Zero Fees: Businesses can open an account online with no setup fees or ongoing management costs. Accounts will be activated immediately upon the submission and approval of required documents, and a dedicated account manager will be assigned, providing personalised support throughout the process.
Compliant Operations with Trusted Partners: Partnering with top international banks ensures that all services are secure and compliant with local regulations. The account name will be under your company name, streamlining communication and collection processes.
Cost Effective Direct AED Collections: Businesses can collect payments directly in AED without currency conversion fees, reducing overall costs. Fast T+0 settlement times through direct connections to local clearing networks accelerate fund recovery, and transparent fees mean no hidden costs.
Flexible Global Payment Solutions: In addition to the UAE, SUNRATE offers local collection services in countries including Singapore, Indonesia, the Philippines, Thailand, Japan, the USA, Europe, the UK, Nigeria, Mexico, Australia, and Canada. Beyond collections, we provide international payments, and other comprehensive payment services.
Ready to Expand Your Business in the Middle East?
Don’t miss out on the opportunity to streamline your collections and enhance your operations with our UAE local collection account. Contact us today to learn more and get started.
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