Trading and investing platform eToro has partnered with Lean
Technologies to enable instant AED bank transfers in the United Arab Emirates.

Other brokers in the UAE have also expanded local payment
options. Tickmill,
for example, partnered with Mashreq Bank to allow deposits and withdrawals
in AED and USD.

eToro Enables Instant UAE Bank Deposits

The integration lets UAE users link their eToro account to
their local bank. Deposits can be made in seconds without leaving the app. The
process removes the need to enter card details or switch between applications.
It also reduces manual errors and simplifies funding.

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“Open banking is a powerful innovation that’s transforming
how people move and manage their money,” Doron Rosenblum, EVP Business
Solutions, eToro said. “By integrating this capability, our users will benefit from
a faster, easier, and safer funding experience.”

Abu Dhabi Office Supports Local AED Transfers

The move is part of eToro’s localisation strategy in the
region. The company has opened an office in Abu Dhabi, added stocks listed on
the Abu Dhabi Securities Exchange and Dubai Financial Market, and integrated
UAE PASS for onboarding.

You may find it interesting at FinanceMagnates.com: eToro
Solidifies MENA Strategy with Abu Dhabi License.

As part of the launch, customers depositing AED via instant
transfers on eToro will not pay conversion fees when converting funds into USD.
This offer is valid until 31 December 2025.

“By embedding Lean’s infrastructure, eToro has streamlined
the entire process, giving users a faster and safer way to move money,” Omar
Hamada, VP of Sales & Partnerships, Lean Technologies, commented.

European Users Get New Deposit Options

Meanwhile, eToro
has added new deposit options for its European users, allowing credit card
and bank transfer deposits in eight local currencies, including SEK, NOK, DKK,
CHF, HUF, PLN, CZK, and RON.

The company has secured regulatory approval from the Cyprus
Securities and Exchange Commission to operate under the Markets in
Crypto-Assets Regulation and continues to comply with MiFID rules. FX fees have
been reduced to 1% to lower transaction costs and improve flexibility for
users.

This article was written by Tareq Sikder at www.financemagnates.com.

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