UAE's Masdar City Inks MoU with Wio Bank to Support SMEs

As part of Abu Dhabi Sustainability Week, Masdar City has signed an MoU with Wio Bank, the region’s first platform bank regulated by the Central Bank of the UAE, to support SMEs with innovative beyond-banking services.

The agreement grants Masdar City Free Zone startups and SMEs access to the Wio Business app, which provides them with a clutch of benefits including a fully digital onboarding, no minimum balance requirement with 1-month free trial, access to virtual cards, saving spaces for various purposes such as VAT and rent, a complimentary debit card, and cheque book.