Monday 2 January 2023 – 1.31pm
ABU DHABI, January 2 / WAM / Wio Bank, the first integrated financial platform of its kind in the region, is partnering with First Abu Dhabi Bank, the largest bank in the country and one of the largest and most secure financial institutions in the world, to provide check deposit services to Wio Bank customers and cash through FAB’s extensive network of ATMs and ATMs.
The Wio Bank platform offers a specialized set of digital banking solutions that are primarily focused on meeting the needs of start-ups and small and medium-sized businesses. Through its partnership with First Abu Dhabi Bank, the Wio Bank platform will enhance the banking tools available to entrepreneurs, linking its secure and flexible digital banking solutions on the one hand, and cash and check deposit services on the other, as well as cash withdrawal services, using the Integrated First Abu Dhabi Bank infrastructure.
The Wio Business application is integrated into the FABePay portal to allow users to flexibly and seamlessly deposit networks directly through the application and obtain a special reference code which is used in every deposit transaction.
The code can be used at any First Abu Dhabi Bank ATM by selecting “Deposit to Wio” to complete the transaction. The information used to generate the referral code is automatically matched to the deposit process, in compliance with the highest security standards.
Sanjay Sethi, Head of International Banking Operations at First Abu Dhabi Bank, said: “Modern technology plays a vital role in providing customers with a simpler and smoother banking experience while meeting the specialized banking needs of each category of From this point of view, we are pleased to cooperate with Wio Bank platform, which is taking a new and innovative approach in the banking industry, to provide more flexible network and cash deposit solutions, and we look forward to solidify this partnership to support the continued growth of Wio Banking.”
For his part, Jamal Al-Awadi, Chief Operating Officer of Wio Bank, said: “This partnership represents an important milestone for us and a new step towards strengthening the Wio Business portfolio of products and services. As one of the leading shareholders of Wio Bank, First Abu Dhabi Bank extends its support to our clients by enabling them to benefit from its extensive network and strong presence in the UAE, we are delighted to partner with First Abu Dhabi Bank, which will enable us to further develop our services and achieve our goal of providing easy and simple banking services to our customers.”
The Wio Bank platform was officially launched in September 2022, providing three core services, including digital banking services, banking solutions as a service, and corporate banking services. The first application of the platform, Wio Business, is designed to provide SMEs, start-ups and freelancers with flexible banking services that allow the development of operational processes through the use of integrated services that go beyond traditional banking services.
Dina Omar / Ramy Samih
