RAKEZ continues to offer its customers access to the latest digital banking solutions through its recent partnership with Wio Bank

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The Ras Al Khaimah Economic Zone (RAKEZ) is linked to the region’s first all-digital financial platform, Wio Bank. The partnership offers RAKEZ businesses of all sizes access to the latest digital banking solutions, with no paperwork, no minimum balance requirements and fast setup times.

The agreement was signed by Ramy Jallad, CEO of RAKEZ Group and Prateek Vahie, Chief Commercial Officer of Wio Bank at RAKEZ Compass Coworking Centre. Commenting on the partnership, Jallad said, “We are pleased to partner with Wio Bank. Our SME community, in particular, can take advantage of Wio’s digital banking services to create business bank accounts with minimal requirements to easily conduct their business financial transactions. »

“We always strive to ensure that our partnerships support the professional journey of our clients in Ras Al Khaimah and the region. Our efforts are always focused on facilitating the process for clients and investors to build and operate their businesses at RAKEZ by exploring digital tools and services,” he added.

Prateek Vahie, CCO of Wio Bank, said, “We are delighted to partner with RAKEZ and extend the benefits of the banking capabilities of the Wio platform to their SME customers. Our first digital banking app, Wio Business, aims to simplify banking for SMEs with a wealth of personalized financial tools and services, including hassle-free account opening, unlimited virtual cards, currency exchange and even more. We aim to build and nurture a collaborative banking ecosystem in the UAE. With partners like RAKEZ, we seek to further improve the customer journey for SMBs while enabling them to overcome challenges and build business resilience. »