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UAEs Oldest Bank Launches Digital-Only Bank - Neo
UAEs Oldest Bank Launches Digital-Only Bank - Neo
UAE's oldest bank: Mashreq Bank, launches digital-only bank, Neo to cater to millenials. The new bank will
provide mobile and online banking services. Its functionalities include: Samsung Pay Wallets, cardless ATM
transactions, Facebook messenger chatbots, PFM tools, international currency and stock trading. Interestingly, it
also includes and e-commerce shopping mall. The bank promises that customers will be open a new account
with them in less than five minutes by downloading the app and scanning their Emirates ID. Cards will be
subsequently release within 24 hours of approval.