Wio Bank, ADGM join hands to improve banking journey for SMEs

Wio Bank, ADGM join hands to improve banking journey for SMEs

Abu Dhabi, UAE: Wio Bank, the region’s first platform bank regulated by the Central Bank of the United Arab Emirates (UAE), today announced a partnership with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, to bolster collective efforts to support small and medium-sized enterprises (SMEs) in the UAE to gain access to key banking services quickly and efficiently.

With this partnership, Wio will extend its Wio Business platform to SMEs registered with ADGM and provide them with fast-tracked application submission, in addition to a slew of benefits including the opportunity to open a Zero Balance account with a one-month free trial, free debit card and cheque book, virtual debit cards, invoicing features and one of the best foreign currency conversion rates for international outward and inward remittances.

Setting this partnership apart is the fact that through API integration between both parties, customers do not have to upload any company documents such as the trade license, Memorandum of Association, shareholder passport and other details about the company for verification—making the customer journey seamless and more efficient.

Speaking of the partnership, Mona Walid, Chief People Officer and Head of Strategic Partnerships at Wio Bank, said: “At Wio, we strive to