بنكي | FinTech applications

Suspension of Transactions via Foreign-Registered FinTech Applications in UAE Banks

Banks operating in the United Arab Emirates have implemented stricter measures regarding financial transfers through several FinTech applications registered outside the country. Under these measures, account holders can no longer withdraw funds directly their bank accounts to these applications, even when providing all required details such as IBAN, bank account number, debit card number, or CVV code.