Wio Bank - News, Articles & Research

Company announcement/retail

Wio Bank reports profitability in first full year

Wio Bank PJSC, the region's first platform bank built to serve tomorrow’s customers, has announced its financial results for the fiscal year 2023, underscoring its rapid journey to profitability. As a leading choice for SMEs, the company reported a revenue of AED 266.4 million and a net profit of AED 2 million, marking its first full year of operations with impressive profitability since its launch in September 2022.

24 May 2024

Company announcement/crypto

Wio Bank taps Fuze to provide virtual asset trading services

Wio have partnered with Fuze, MENA’s pioneering digital assets infrastructure provider, to empower its customers with cutting edge virtual assets trading services.

28 November 2023

Company announcement/retail

Wio bank moves into personal retail banking

One year on since Wio Bank PJSC , launched and rebooted digital banking in the UAE, the region’s first platform bank has introduced its second digital banking offering, Wio Personal — an intelligent everyday banking platform redefining the way individuals see, manage, and grow their money.

14 September 2023

Company announcement/payments

Wio Bank selects Paymentology for card issuing

Paymentology, the leading global issuer-processor, has joined forces with Wio Bank PJSC, the region’s first platform bank, to power its innovative banking model with customer-centric card payment services.

29 March 2023

Company announcement/wholesale

Wio Bank goes live on Mambu

Wio Bank, the first platform bank regulated by the Central Bank of the United Arab Emirates (UAE), has announced its successful go live on Mambu.

08 November 2022

Company announcement/payments

UAE-based Wio Bank forms partnership with Stripe

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.

17 October 2022

Company announcement/payments

LuLu Exchange launches open banking service platform in partnership with Wio Bank

In a gamechanger of sorts, LuLu Financial Group – one of UAE’s leading financial services company, has joined hands with Wio Bank – the region’s first platform bank, to allow Wio Business customers to make account deposits through its network of LuLu Exchange branches.

10 October 2022

News/startups

Wio launches 'platform bank' in UAE

Wio Bank has launched as the first "platform bank" in the UAE, offering apps, embedded finance and BaaS offerings in the region.

15 September 2022