Prime Highlights:
- Wio Bank has crossed Dh50 billion in customer depositsjust three years after its launch, reflecting the rapid shift towards digital banking in the UAE.
- Wio’s customer base grew by 72% year-over-year, with personal accounts up by 93% and business accounts rising by 42%, showcasing growing confidence in digital-first banking solutions.
Key Facts:
- Wio offers a range of financial products, including savings accounts with competitive returns, salary-based benefits, multi-currency accounts, and investment tools like Wio Invest, which provides access to global and UAE stocks, ETFs, and AI-powered investment tools.
- The milestone highlights the UAE’s push to become a fintech hub, with Wio Bank playing a pivotal role in the country’s shift towards a digital-first economy.
Background
Wio Bank has crossed Dh50 billion in customer deposits, marking a major milestone for the UAE’s digital-first bank. The growth comes less than three years after the bank launched and reflects how quickly people and businesses in the UAE are moving to digital banking.
The bank’s customer base grew 72% compared with last year, with personal accounts up by 93% and business accounts rising 42%. Deposits have nearly doubled over the past year, showing growing confidence in secure, technology-driven banking solutions.
Wio provides a wide range of products, such as savings accounts that have competitive returns, salary-based benefits, and multi-currency accounts. Features like Saving Spaces lets users set money aside for specific goals and earn higher returns. Wio Invest also gives users access to global and UAE stocks, ETFs, and AI-powered investment tools. These offerings transform Wio into a one-stop digital bank for personal finances, business cash flow, as well as investments.
The milestone also reflects the UAE’s push to become a regional fintech hub and lead in digital banking.
Jayesh Patel, CEO of Wio Bank, said: “This milestone shows the trust our customers have in us. We will continue to improve our platform to help customers manage their money smarter and grow their wealth.”
Wio plans to expand its products and partnerships to better support individuals and small businesses. With deposits surpassing Dh50 billion, the bank’s growth marks a wider shift in how the UAE saves, spends, and invests in a digital-first economy.
