UAE-based digital bank Wio Bank PJSC has launched a direct integration with small business platform Xero to help its business customers simplify their accounting processes.
Through the integration, Wio’s business customers will benefit from “seamless” bank feeds, automated reconciliation, and real-time financial insights.
By streamlining their finance operations, businesses will reduce the amount of manual data entry, thereby minimising errors.
The integration also provides invoice matching to improve cash flow visibility for business owners.
Wio Bank called its direct integration with Xero “a new benchmark in financial connectivity in the UAE”.
Prateek Vahie, chief commercial officer at Wio Bank, said: “This integration reflects our commitment to making business banking smarter, faster, and more efficient.
“By automating financial workflows, we’re giving business owners more time to focus on growth.”
Xero’s platform is used by 4.4 million small businesses, accountants, and bookkeepers globally.
Colin Timmis, regional director EMEA at Xero, added: “Our integration with Wio Bank is a significant step towards supporting more UAE businesses with better visibility of their finances, helping them spend less time on admin and more time doing what they love, growing their business.”
Wio Bank offers an end-to-end digital platform for both retail and business customers, offering banking-as-a-service and embedded finance solutions.
Further reading: Xero introduces online bill payments for US SMBs enabled by BILL
