Lebanon: neo Business brings digital banking to SMEs

A report published by LeBusiness on October 30 describes Bank Audi's launch of neo Business, a digital banking service designed for freelancers, self-employed professionals, shops and small and medium-sized businesses in Lebanon.

The service includes:

• Online account opening.
• US-dollar and Lebanese-pound accounts.
• Additional currency accounts.
• Supplier and employee payments.
• QR-code collections.
• Payment links and payment requests.
• Cash deposits and withdrawals through Bank Audi ATMs and authorised agents.

The neo Pay QR payment option is described as providing instant merchant payments without additional merchant fees. Businesses should confirm eligibility and other account charges directly with Bank Audi. LeBusiness+1

Why it matters

Small businesses need more than card terminals. Digital onboarding, multi-currency accounts, supplier payments and QR acceptance can bring several daily financial activities into one platform.

This is particularly relevant to Lebanese SMEs looking for alternatives to cash-based collections.