UAE - Mubasher: YAP, a fintech company enhancing the digital banking experience in the Middle East, Africa, and South Asia, has launched the UAE's first independent digital banking platform.
Following the completion of a digital onboarding process, members get a bank account, a YAP Mastercard Debit Card, and an app, according to a press release on Sunday.
Designed with the latest innovative technology in fintech, the region's first independent digital banking app offers a consumer’s spending analytics, ways to transfer money and pay bills, and notifications of purchases, withdrawals, and transfers.
YAP has partnered with RAK Bank in the UAE to provide IBAN and BIN sponsorship.
The app registered more than 20,000 pre-registered consumers.
The CEO and Founder of YAP, Marwan Hachem, commented: "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."
