State-backed digital bank Wio launches in UAE


ID: 
1663100393633569900
Tue, 2022-09-13 09:58

DUBAI: State-backed digital bank Wio announced on Tuesday it had launched in the United Arab Emirates and would focus initially on small and medium enterprises (SMEs) while eyeing an eventual public listing.
Wio, which calls itself a “platform bank,” has three main business lines: digital banking apps, embedded finance and banking-as-a-service, the provision of banking through third-party distributors.

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