YAP launches UAE’s first independent digital banking platform

YAP launches UAE’s first independent digital banking platform

YAP has partnered with RAK Bank, which provides international bank account numbers for YAP users and secures their funds under its banking license.

The Dubai-based neobank, YAP, on Sunday launched its first independent digital banking platform.

YAP has partnered with RAK Bank, which provides international bank account numbers for YAP users and secures their funds under its banking license.

“The fintech revolution has become very popular in other parts of the world and we saw a gap and unique need for this service in the Middle East,” said YAP CEO and founder Marwan Hachem, according to media reports.

They are in the process of partnering with banks in other countries including banks in Saudi, Pakistan, and Ghana.

Spending and budgeting analytics, peer-to-peer payments and remittances services and bill payments are some of YAP’s offers to its users.

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