UAE: Wio Bank collaborates with LuLu Exchange

Wio and LuLu Financial Group have partnered to enable Wio Business customers to make deposits and withdrawals through the network of LuLu Exchange branches.
Talking about the partnership, Adeeb Ahamed, MD, LuLu Financial Group, said: “We are happy to partner with Wio to introduce a ‘phygital’ experience for customers in the country. As early adopters of open banking, our enablement platform now equip us to partner seamlessly with financial institutions that want to design hyper-local customer experiences. Our partnership reflects how our fintech capabilities combined with our network of branches can serve customers better across the financial ecosystem.”
Wio Bank’s chief commercial officer, Prateek Vahie, stated: “At Wio, we strive to simplify banking so customers can instead concentrate on managing their businesses. We are happy to collaborate with Lulu Exchange and benefit from their extensive network in the UAE to make it easier for Wio Business customers to deposit and withdraw money.