The company claims the partnership will make it more convenient for UAE nationals and expats to choose from its saving solutions and top up their account through the 91 Lulu Exchange branches in the country.
Speaking on the partnership, National Bonds Group chief executive officer Mohammed Qasim Al Ali said: “At National Bonds, while we’re working on our mission to empower nationals and residents of the UAE to take charge of their financial future, we’re also striving to deliver intelligent and convenient services to help them have easy access so that they can make swift and confident decisions on time.
“We want to push the boundaries of the UAE savings culture and make sure everyone can get started on their savings journey.”
On the benefits of the partnership, Adeeb Ahamed, managing director at LuLu Financial Group, said: “We are delighted to engage with National Bonds to bring their unique services closer to the people of UAE.
“Through our wide network of branches, we hope to drive greater awareness around the various schemes of National Bonds and inculcate a culture of savings among our customers.”
Accounts are set up in branch and can then be accessed through the National Bonds app.
It will use Azentio’s Islamic Banking solution, iMAL, to improve its efficiency, enhance internal controls and improve customer experience.
Tony Kinnear, chief executive officer of Azentio Software, commented: “Azentio is delighted to partner with National Bonds and support the UAE government’s initiative to continually strengthen the country’s financial sector.”