myZoi, a leading fintech startup, is making significant strides in addressing the financial needs of the underbanked in the UAE. With the introduction of its digital wallet, myZoi is slashing remittance fees and offering unprecedented “One-To-Many” transfer capabilities, allowing users to send money to up to five recipients for the price of one. This initiative is part of a broader effort to fold the underbanked into the formal financial ecosystem, enhancing safety, convenience, and cost-efficiency in their daily financial transactions.
Educational Empowerment through MoneyTips Beyond transactional services, myZoi is committed to financial literacy through its interactive program, MoneyTips. This gamified initiative teaches vital financial skills such as responsible spending, sustainable budgeting, and secure money management. The positive reception from corporates and partners highlights the community’s support for myZoi’s mission to educate and empower.
Strategic Partnerships and Future Prospects Recently, myZoi has expanded its impact through a partnership with the Apparel Group, aiming to redefine financial inclusion for over 4,000 employees. Endorsed by Rola Abu Manneh, Chair of the Board at myZoi and CEO at Standard Chartered UAE, myZoi’s initiatives are recognized as transformative. The company holds key licenses from the Central Bank of the UAE, bolstering its authority and trust within the sector.
myZoi’s Commitment to Sustainable Development Under the leadership of CEO Syed Muhammad Ali, myZoi is not just a financial service but a social catalyst. By aligning with six of the UN’s Sustainable Development Goals, myZoi underscores its commitment to societal betterment through financial inclusion, enhancing the lives of the underbanked and their families with better access to education, healthcare, and the opportunity to build sustainable futures.
