Wallets/zand-bank
Zand Bank
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Overview
Zand Bank is a UAE digital bank operated by Zand Bank PJSC, which received a full UAE banking license from the Central Bank of the UAE and went live around 2022 1, 2. Zand positions itself as the UAE's first independent digital bank serving both retail and corporate clients under one license, with a technology-driven model and an emphasis on digital assets and innovation.
History
2021-2022 — License + launch 1, 2: Zand secured a full banking license from the Central Bank of the UAE and launched as a digital-first bank, initially targeting corporates and then retail.
2023-2024 — Expansion + digital-assets focus 2: Zand expanded its retail and corporate offerings and signaled ambitions around digital assets and tokenization within the UAE's evolving regulatory framework.
Ownership & operator
Operating entity: Zand Bank PJSC (UAE).
Leadership: Founded with backing from prominent UAE business figures; chaired/backed by Mohamed Alabbar (founder of Emaar) among others 2.
Regulator: Central Bank of the UAE (CBUAE).
Technical integration
| Layer | Description |
|---|---|
| Channels | Zand mobile app (iOS + Android) + web + card |
| Identifiers | Phone + email + IBAN + card number |
| UAE rails | UAEFTS / local clearing; card networks |
| Card network | Card issuance for retail clients |
| Wallets | Apple Pay + Google Pay via EMV tokenization |
| Distinctive | Single license covering both retail + corporate; digital-assets ambitions |
Implementations & partners
Operator: Zand Bank PJSC (CBUAE-licensed bank).
Competitors: Wio Bank (UAE digital bank), Liv (by Emirates NBD) / Mashreq Neo, and incumbent UAE banks (Emirates NBD, FAB, ADCB).
Status
- Zand Bank PJSC — full UAE banking license; dual retail + corporate digital bank.
- Technology-driven model with digital-assets ambitions.
- Precise current customer/financial metrics not consistently disclosed in verifiable public form (~).
Sources
Source
Biography extracted from zand-bank.md. See matrix.md for standards-support matrix if present.