DWTC Free Zone Partners With Wio Bank to Simplify Digital Banking for UAE Businesses
The agreement is aimed at improving access to banking services for businesses in the free zone, supporting entrepreneurs, start-ups and established companies through faster onboarding and digital financial solutions.
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Dubai World Trade Centre (DWTC) Free Zone has partnered with Wio Bank, an Abu Dhabi-based digital banking platform, to streamline digital banking and financial services for companies operating in the free zone.
Under the memorandum of understanding, businesses registered or applying to operate in the DWTC Free Zone will have access to Wio Bank’s digital banking services, including faster account opening, priority handling of onboarding requests, and dedicated relationship support for eligible clients.
“By offering faster onboarding, dedicated relationship support and intuitive digital banking tools, we aim to give DWTC Free Zone companies the confidence and clarity to manage their finances from day one,” Prateek Vahie, Chief Commercial Officer at Wio Bank PJSC, said.
Wio Bank will also explore introducing a co-branded corporate card for DWTC Free Zone companies, with benefits and rewards for businesses operating in the zone.
As part of the agreement, Wio Bank will be able to engage with the DWTC Free Zone business community through selected events and joint initiatives.
“Enhancing the ease of doing business remains a priority for DWTC Free Zone,” said Abdalla Al Banna, VP of Free Zone Regulatory Operations at DWTC Free Zone. “Through this partnership with Wio Bank, we are expanding the ecosystem of services available to companies within our Free Zone, enabling them to establish and scale more efficiently while reinforcing Dubai’s position as a global hub for entrepreneurship and investment.”
Dubai World Trade Centre (DWTC) Free Zone has partnered with Wio Bank, an Abu Dhabi-based digital banking platform, to streamline digital banking and financial services for companies operating in the free zone.
Under the memorandum of understanding, businesses registered or applying to operate in the DWTC Free Zone will have access to Wio Bank’s digital banking services, including faster account opening, priority handling of onboarding requests, and dedicated relationship support for eligible clients.
“By offering faster onboarding, dedicated relationship support and intuitive digital banking tools, we aim to give DWTC Free Zone companies the confidence and clarity to manage their finances from day one,” Prateek Vahie, Chief Commercial Officer at Wio Bank PJSC, said.
Wio Bank will also explore introducing a co-branded corporate card for DWTC Free Zone companies, with benefits and rewards for businesses operating in the zone.
As part of the agreement, Wio Bank will be able to engage with the DWTC Free Zone business community through selected events and joint initiatives.
“Enhancing the ease of doing business remains a priority for DWTC Free Zone,” said Abdalla Al Banna, VP of Free Zone Regulatory Operations at DWTC Free Zone. “Through this partnership with Wio Bank, we are expanding the ecosystem of services available to companies within our Free Zone, enabling them to establish and scale more efficiently while reinforcing Dubai’s position as a global hub for entrepreneurship and investment.”
