Wio Bank has officially launched in the UAE with its first digital banking app Wio Business that aims to serve startups, freelancers, and small and medium enterprises.
The app is now available on the Apple App Store and Google Play Store at a monthly subscription fee of AED 99, though it has been in beta since earlier in the year.
Wio says that it plans to launch a range of digital banking apps for individual and businesses, and provide solutions in embedded finance and banking-as-a-service.
“Wio Bank heralds the arrival of next generation banking in the region that will enable customers to access banking services effortlessly while also allowing them to do more in their business and personal lives,”
said His Excellency Salem Al Nuaimi, Chairman of the Board, Wio Bank.
“We are very excited to launch our first offering, tailor-made for SME customers. We have streamlined account opening to provide an operating account within a day.
Our innovative features empower customers to manage and track expenses easily, simplify saving for VAT, manage receivables through the invoicing services, and accept payments through links,”
said Jayesh Patel, CEO, Wio Bank.
Featured image credit: Edited from Unsplash and Wio
