Cooperation between “Dubai Trade Center Duty Free” and “Wio” to provide digital banking solutions for companies

Today, the Dubai World Trade Center Free Zone announced the signing of a memorandum of understanding with “Bank Wio“To provide digital banking solutions and integrated financial services for companies operating within its regulatory scope.

This cooperation aims to facilitate access to banking services for companies seeking to establish or already operating within the free zone, thus strengthening the system that supports entrepreneurs, emerging and existing companies.

Under the memorandum, companies registered or wishing to register within the Dubai World Trade Center Free Zone will be able to benefit from the digital banking solutions provided by the Bank. Wio As part of the integrated services system available to licensees.

A bank will provide Wio Simplified paths to opening accounts, priority processing of joining requests, in addition to dedicated support for managing qualified customer relationships, which contributes to facilitating access to banking services during the stages of company establishment and joining procedures.

Abdullah Al-Banna, Vice President of Regulatory Operations for the Free Zone at the Dubai World Trade Center, said: Enhancing the ease of doing business is a major priority for the Center’s free zone, and through this cooperation we are working to expand the system of integrated services available to companies within our free zone, enabling them to establish and expand more efficiently, and consolidating Dubai’s position as a global center for entrepreneurship and investment.

For his part, the CEO of Commercial Affairs at the Bank said: Wio Pratik Vahi, said that the collaboration with Dubai World Trade Center Free Zone allows the bank to support companies at the stage when they need it most, by offering faster onboarding procedures, dedicated relationship management support, and digital banking tools.

As part of this cooperation, the Bank willWio“By studying opportunities to launch a joint corporate card bearing the brand of the bank and the Dubai World Trade Center Free Zone, to provide exclusive benefits and rewards designed specifically for companies operating within this integrated system.