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Abu Dhabi firm receives green light for new fintech app

ADQ will launch a new digital banking platform called Wio, which investors hope will help boost the United Arab Emirates’ digital economy.
UAE bank

An Abu Dhabi-based investment company has received permission from the government to launch a new digital banking platform. 

ADQ received “in-principle approval” from the Central Bank of the United Arab Emirates to launch Wio, which will offer users fully digital banking. Wio will first launch a beta version targeting small and medium-sized businesses, ADQ said in a press release. The firm did not say when exactly Wio would launch. 

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