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Asharq Al-Awsat

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Abu Dhabi - Asharq Al-Awsat

UAE’s Central Bank Gives Green Light to Launch Digital Bank

UAE ADQ Abu Dhabi First Abu Dhabi Bank United Arab Emirates

The Central Bank of UAE is working on plans to launch the beta version of the Wio platform in the first quarter of 2022 in Abu Dhabi (WAM).

The Central Bank of the United Arab Emirates has given the green light to a new digital banking platform known as “Wio” and backed by state holding company ADQ.

The bank will soon launch a beta version, initially targeted to small and medium-sized businesses (SMBs).

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