Mashreq expands NEO BIZ digital business banking platform to Pakistan’s SMEs

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Mashreq has launched the NEO BIZ digital banking platform in Pakistan for SMEs, sole proprietors and self-employed individuals, integrating business banking services, payments and collections on a single platform. Eligible businesses can open and manage accounts online. The platform plans to add debit and virtual cards, payroll, invoice payments, analytics and bookkeeping, and expand supply chain tools, tax support and cash-flow-based financing through partners and Banking-as-a-Service (BaaS).