Latest News

We understand the importance of availability, and we act on it.

UAE Launches First Digital Bank


Digital banking in UAE launched as it continues to provide innovative and effective financial solutions.

The world is in a ‘digital era’. This has been further confirmed by the latest announcement of, the UAE’s first independent digital bank, ‘Zand’.

In a recent statement by Mohamed Alabbar, the Chairman of Zand, he stated: “As the first fully independent digital bank in the country, with a full UAE banking license, Zand will provide innovative, effective financial solutions that help simplify businesses and lives, addressing the needs of both retail and corporate customers.”

In 2016 UK’s Monzo card was praised for its innovativeness to eliminate the traditional requirement of ‘branch banking’, Monzo allows its customers to split bills, earn while saving through ‘savings pots’, and budget tracking.

The UAE’s Zand will be “unique in focusing on ecosystems and communities of businesses and individuals, enabling it to introduce unique products and services not traditionally available,”, it will be the “first in the world” to offer both retail and corporate banking services.

In his statement Mohammed Alabbar praised the UAE in its “progressive regulations with commercial, financial, and technology hubs.” Zand will lead the UAE’s banking systems into the next generation.

You might also like...
UAE: MASK FREE Except for 3 Public Areas
Starting Wednesday, September 28, mask-wearing is optional for all "open and closed facilities and spaces", except for hospitals and medical facilities, mosques, and public transportation means like buses, Dubai Metro and Dubai Tram.
read More
Beware of Big Ticket Abu Dhabi’s Scammer Account
Organizers of the popular mega raffle draw Big Ticket Abu Dhabi have issued a fraud alert, warning the public of a fake social media account that claims to be its "second account" and bears the handle "@bigtiicketauh".
read More
Digitisation of RTA Licensing Services
'Click and Drive' will digitise the entire process of obtaining drivers' licenses, including a first-of-a-kind mobile eyesight testing service in the region that is currently run by Al Jaber Optical.
read More
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.