Wio Bank Partners with First Abu Dhabi Bank on Cash and Cheque Services

UAE-based platform bank Wio Bank has partnered First Abu Dhabi Bank (FAB) to offer cash and cheque services to Wio Business customers through FAB's ATM and CDM network.

Wio Bank provides a suite of digital-first solutions, with a strong focus on having the needs of growing start-ups and SMEs met. Via partnership with FAB, Wio Bank is looking to have the tools available to business owners enhanced, connecting simplified and secure digital banking solutions with essential cash and cheque deposits, in addition to cash withdrawals services, by leveraging FAB's regulated physical infrastructure.

As per information provided in the press release, having been integrated with the FABePay portal, the Wio Business app is set to enable users to have cash or cheque deposits initiated in a simple and convenient manner directly in the app.

Wio Bank spokespersons stated that the partnership marks a milestone in the bank's journey towards having their product and service suite under the Wio Business umbrella strengthened. As per information provided in the press release, with FAB being one of Wio's key shareholders, FAB helps provide Wio customers with the option of utilising their wide scale reach and operations in the UAE, while also enabling Wio to enhance their service offering and deliver to their customers easy and simplified banking solutions. 

(Source: The Paypers)