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UAE's 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.

Click here to find out more.

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