What YAP is, in 2026
UAE digital banking app launched 2021. Partner-bank model on RAKBANK. Expanded to Pakistan + UK 2023–2024.
Safety and regulation
Partner-bank model; RAKBANK is the chartered partner. AE DPS cover (AED 250,000) applies via RAKBANK.
Who YAP is for
Use YAP if: you want a UAE digital banking app with multi-currency cards and don't need a direct charter. Use Wio instead if the bank licence directly held by the provider matters to you.
How it stacks up.
Wio 77
CBUAE
UAE-native digital full-bank, CBUAE-licensed since 2022. Backed by ADQ + Alpha Dhabi + Mubadala + e&. Instant onboarding via Emirates ID and a multi-currency core (AED + USD + EUR + GBP) make it the strongest local-licensed competitor to Liv. and Mashreq Neo. AE DPS cover under the new UAE Deposit Protection Scheme.
Zand 77
CBUAE
UAE's first fully-digital full bank — CBUAE-licensed since 2021. Holds its own banking licence (not a partner-bank). Both retail and corporate banking offered. Adds full-bank diversity to the UAE set alongside Wio.
stc Bank 76
SAMA
First SAMA-licensed digital full bank in Saudi Arabia (received bank licence 2023, originally launched as stc pay in 2017). Backed by Saudi Telecom (stc) — telecom-grade reach across the Kingdom. Multi-currency support and instant onboarding via Absher distinguish it from legacy KSA banks. SAMA Deposit Protection Fund cover.