neo, the digital bank by Bank Audi, has partnered with Mastercard to launch neo Business, a banking package for small and medium-sized businesses in Lebanon.
The package includes a business account with a company IBAN, a Mastercard business card and a POS terminal at no cost. neo said the terminal can accept card, mobile, QR and wallet payments, with funds deposited directly into the business account.
The offer also includes free cash withdrawals from more than 200 Bank Audi ATMs, employee salary payments, collections from neo Pay customers, online payments through the neo Payment Gateway, and bill and tax payments.
The company said neo Business is designed to bring core business banking and payments into one account while reducing costs for smaller companies. Businesses can apply through neo, although the announcement did not specify eligibility conditions for the free POS device or an end date for the offer.
Source: LEB Business
