Wio Bank deposits exceed $13.6bn in under three years

Wio Bank PJSC has reported total customer deposits of more than AED 50 billion, reaching the figure in less than three years since launch.

The bank’s total customer base has grown by 72 per cent year-on-year. Wio Personal customers increased by 93 per cent whilst Wio Business customers rose by 42 per cent over the same period.

Customer deposits have nearly doubled during this timeframe, according to the bank.

Wio Bank customer deposits nearly double as digital banking adoption accelerates in UAE

The UAE-based institution offers savings tools, salary-linked benefits, multi-currency accounts, and a range of features through its platform.

Customers can access Saving Spaces, which provide returns on funds set aside. The bank also offers Wio Invest, through which customers can access UAE and global stocks, ETFs, and AI-powered investment options.

“We set out to help UAE businesses and individuals achieve more of their goals by building a platform that is truly born to back you, the customer. This milestone reflects the trust our customers have placed in us and the shift towards digital-first, customer-centric banking. As we look ahead, we are committed to paving the way forward for the future of finance – continuing to evolve the platform and introduce services that empower our customers to make their money work harder, grow smarter and build wealth,” Jayesh Patel, CEO of Wio Bank PJSC said in a statement.

The bank operates as individuals and businesses across the UAE adopt digital-first services. The milestone comes as the UAE positions itself as a fintech hub.

Wio Bank continues to expand its platform through new features and partnerships.