Meydan Free Zone signs partnership agreement with Wio Bank

Meydan Free Zone signs partnership agreement with Wio Bank

DUBAI: Meydan Free Zone has partnered with Wio Bank, the region's first platform bank, to provide digital business banking services to their license holders. The partnership will enable trade license holders of Meydan Free Zone to leverage Wio's advanced banking solutions that are built around three main capabilities: Digital Banking apps, Embedded Finance and Banking-as-Service (BAAS) solutions.

Wio’s first digital banking application designed for SMEs, Wio Business, offers a wide range of uniquely tailored banking services that are built around each client's needs, helping them automate their admin, be in control of their spending with unlimited virtual cards for their team, create various Saving Spaces for VAT, rent, etc., and focus on growing their business.

The ink was exchanged between Prateek Vahie, Chief Commercial Officer (CCO) Wio, and Hamed Ahli, Associate Director - Meydan Free Zone, at a ceremony at the Meydan Hotel in Dubai.

Prateek Vahie, Chief Commercial Officer, Wio Bank, said: "Wio’s aim is to enable businesses in the UAE by providing advanced banking solutions to SMEs, entrepreneurs and freelancers. Businesses licensed through Meydan can not only leverage our banking app Wio Business for the seamless banking solutions it offers, but also accelerate their digital and e-commerce ambitions through Wio’s embedded