Wio Bank Announces Payments Company Launch Amid 55% Revenue Growth
Abu Dhabi's state-backed Wio Bank reveals plans for a payments company and wealth services amid AED 1.24B revenue and 57% profit growth.
Wio Bank CEO Jayesh Patel announced plans to launch a dedicated payments company in 2026 at Abu Dhabi Finance Week. The retail customer base grew to over 250,000 from 140,000, while business clients reached 120,000 from 90,000.
Wio reported AED 1.24 billion in revenue for 2025, up 55% year-on-year, with net profit rising 57% to AED 622 million. Total assets reached AED 61 billion, a 64% increase, as the bank approached second-tier lender status.
The bank maintains the highest Net Promoter Scores in UAE banking — 75 for business and 76 for personal — and sees substantial untapped potential in SME banking, payments, and wealth management.