UAE
UAE launches first independent digital banking platform
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.
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.
