Wio Bank PJSC has surpassed AED 50 billion in total customer deposits in less than three years since its launch.

The bank’s total customer base has grown by 72% year-on-year, driven by a 93% increase in Wio Personal customers and a 42% rise in Wio Business customers.

Over the same period, customer deposits have almost doubled, indicating a growing demand for new ways of saving, spending and investing.

Wio’s offerings, including competitive savings tools, salary-linked benefits, multi-currency accounts, and digital banking services, aim to meet these evolving needs.

The increase in deposits also points to rising confidence in digital banking platforms.

Wio provides features such as Saving Spaces, which help customers set aside funds with attractive returns, and access to UAE and global stocks, ETFs, and AI-assisted investment options through Wio Invest.

These tools enable customers to plan for life’s milestones, from retirement to property purchases or education expenses.

“We set out to help UAE businesses and individuals achieve more of their goals by building a platform that is truly born to back you, the customer,”

said Jayesh Patel, CEO of Wio Bank PJSC.

“This milestone reflects the trust our customers have placed in us and the shift towards digital-first, customer-centric banking. As we look ahead, we are committed to paving the way forward for the future of finance, continuing to evolve the platform and introduce services that empower our customers to make their money work harder, grow smarter and build wealth.”

Building on this growth, Wio is expanding its platform with new features and partnerships, supporting its aim to help individuals and businesses meet their financial objectives while contributing to the UAE’s vision of a digitally enabled, innovation-driven economy.

Featured image credit: Wio Bank