IFZA partners with Wio Bank to provide Digital Banking Services

IFZA partners with Wio Bank to provide Digital Banking Services

- IFZA study reveals 50% of respondents believe business owners find it challenging to open a corporate bank account due to lengthy application processes, difficulty in compliance or lack of information

- To alleviate the challenges faced, IFZA’s partnership with Wio Bank will offer special corporate bank account packages with Wio Business, exclusively for IFZA Free Zone companies, starting November 2022

Dubai, UAE – IFZA Dubai, the UAE’s most dynamic and truly international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform bank, to provide IFZA Free Zone companies with quick and convenient access to digital banking services and financial solutions.

Through this partnership, IFZA Free Zone companies will be able to conveniently and efficiently open a business account using Wio Business, the first digital banking app from Wio Bank. Martin G. Pedersen, Chairman of IFZA Dubai signed the agreement with Mr. Prateek Vahie, Chief Commercial Officer at Wio Bank.

Commenting on the announcement, Pedersen said: “At IFZA, we are constantly evolving our offerings and expanding our business eco-system to ensure our Licensees are able to efficiently set up their business with peace of mind. We are pleased to announce our partnership with Wio Bank, providing our Partners