UAE Digital Lender Zand Sets Its Sights on the Gulf and Africa
Hey Digital Banking Fanatics!
Zand Bank is gearing up for its next growth chapter. The UAE’s first digital corporate lender plans to expand across the Gulf and into Africa within the next three years.
The timing is deliberate. After four years of building and internal transformation, the bank says it’s now ready to look outward and scale.
Interest is already there. Banks from at least four African countries and two GCC markets have approached Zand to explore joint ventures, partnerships, or even co-creating new digital banks.
Africa stands out for a reason. High digital adoption, strong trade links with the UAE, and growing cross-border flows make the continent a natural next step.
Payment corridors and trade finance sit right at the center of the strategy. Border trade flows matter here, and Zand wants to follow the money. No specific country is locked in yet. As the CEO, Michael Chan, put it, banks go where growth is fastest.
If you’re tracking how Digital Banking is expanding beyond home markets, the updates below are worth a look 👇
Cheers,
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NEWS
🇦🇪 UAE digital lender Zand plans expansion into the Gulf and Africa within three years. The digital lender has already been approached by several African banks and financial institutions in the Gulf region for joint ventures and partnerships. Keep reading
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