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Wio Bank redefines SME banking with embedded finance services

The integration automates bookkeeping, significantly reducing manual labour and allowing businesses to concentrate on their core activities

State-backed digital bank Wio Bank’s annual profit reaches $544,588

Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end

Emarat grants MBank the first naming rights to its stations

Through the Mbank digital wallet, Emarat station customers can conduct safe and smooth contactless payment transactions after refuelling their vehicles

Islamic digital bank Ruya launches in UAE

The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design

Egypt’s Commercial International Bank, IBM to integrate banking services

The integration is part of the bank’s digital transformation journey and mission to modernize its IT infrastructure

NBK-Egypt posts EGP 2.6 billion in Q3 2023 net profit

The bank’s net interest income in the three months to September 30 jumped by 89% to reach EGP 4.9 billion.

Dubai Islamic Bank integrates ‘alt’ with UAE PASS. Here’s why

The collaboration with UAE PASS reflects the bank’s commitment to deliver innovative solutions that simplify customers’ banking journey

Fintech firm Opay mulls Egypt digital bank license application

OPay’s digital bank will provide lending, savings and card services via the internet without the need for customers to go to branches

International digital Islamic bank, Nomo, launches multi-currency accounts and card

Nomo, the world’s first fully digital Sharia-compliant cross-border bank, has announced the launch of their new multi-currency accounts, allowing customers to hold, spend and...

Zand gets Central Bank licence and onboards its first customers

By successfully securing a UAE banking licence, Zand is now authorised and regulated to operate as a fully independent commercial bank. Zand’s Chairman, HE Mohamed...

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