Wio Bank announces partnership with Stripe

Wio Bank announces partnership with Stripe

- Financial processes to be simplified, making it easier for SMEs to accept online payments, make payouts, and mitigate fraud

Abu Dhabi, UAE: Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e-commerce faster and more easily and conveniently.

Through this partnership, Wio Business, the first digital banking application from Wio, will empower SMEs and freelancers, who previously struggled to get access to payment products, to go into e-commerce faster with an easy-to-create Stripe account. This will allow them to activate their e-commerce business with a payment gateway and receive payments instantly. Wio Business and Stripe ensure easy onboarding and a simple pay-as-you-go pricing model.

Users can soon sign up on the Wio Business app, and be set up with a payment gateway to optimise payments within minutes.

Jayesh Patel, CEO, Wio Bank commented on the partnership: “We have a vision of facilitating more digital commerce while removing as much friction as possible for our customers. Partnering with Stripe is a natural path to accelerate that goal as more businesses turn to online commerce as an opportunity, necessity, and competitive advantage