Wio Bank and Masdar City Free Zone Join Forces to Boost Digital Banking Access in the UAE
The partnership follows a Memorandum of Understanding (MoU) signed by both parties, which will provide businesses located in Masdar City Free Zone with access to Wio Business and Wio Personal banking solutions to support their daily financial operations.
The new partnership gives companies setting up and operating in Masdar City Free Zone direct access to Wio Business, a fully digital banking platform built for startups, SMEs and established companies. Their employees will also benefit from an exclusive Wio Personal salary banking proposition, with dedicated savings, lending and card benefits.
Wio, the UAE’s leading digital bank, and Masdar City Free Zone, Abu Dhabi’s hub for Research and Development, sustainability, and innovation, announce a strategic partnership to bring modern digital banking solutions to companies and employees across the Masdar City Free Zone community.
The partnership follows a Memorandum of Understanding (MoU) signed by both parties, which will provide businesses located in Masdar City Free Zone with access to Wio Business and Wio Personal banking solutions to support their daily financial operations.
For businesses: a digital banking partner from day one
The partnership extends Wio Business digital banking solutions designed to simplify their day-to-day financial operations. The aim is to make business banking more accessible to companies across Masdar City Free Zone, supporting their financial needs as they establish and grow their operations in the UAE.
From entrepreneurs and startups to SMEs and established companies, businesses can benefit from fully digital account opening, convenient payment and transfer solutions, and tools to manage their finances more efficiently. As part of the partnership, Wio Business will support free zone companies at every stage, from opening an account as they set up in Masdar City to managing payments, payroll and cash flow as they grow. Companies that bank with Wio Business can also use it to pay their teams, linking both sides of the partnership and making it simpler to offer employees the exclusive Wio Personal benefits
For employees: more value from their salary
Employees across the Masdar City Free Zone ecosystem will gain access to an exclusive Wio Personal salary banking proposition, with benefits designed specifically for the community. These include savings opportunities linked to salary transfers, special Personal Loan and Credit Card offers, and dedicated support. Combined with Wio Personal’s fully digital banking experience, the partnership gives employees a simple way to manage their salary while accessing benefits and offers created especially for them. Wio Bank and Masdar City Free Zone will work together to introduce these benefits to employees across the free zone community, helping companies offer more value to their workforce.
“Through this partnership, Masdar City Free Zone can offer its community something genuinely valuable. Businesses get a digital banking partner in Wio Business from the day they set up, and their employees get more from their salary with exclusive Wio Personal benefits. Together, we’re making Masdar City Free Zone an even more compelling place to build a company and grow a career.”
– Prateek Vahie, Chief Commercial Officer, Wio Bank
“Masdar City Free Zone is home to a growing community of organizations and talent, and we are committed to giving them the best possible environment to work and thrive. Our partnership with Wio brings modern digital banking to the Free Zone, giving employees, entrepreneurs and businesses simpler and more rewarding ways to manage their finances, and further strengthening the ecosystem that makes Masdar City a home for innovation.”
– Dr. Mohamed Al Breiki, Executive Director, Masdar City
Source:TechAfrica News
