“Gen Zs in the UAE spend about AED 5B+ every year, and still rely on cash or their parents’ cards despite having options like supplementary cards issued by their parents’ banks. While these options give access to digital payments, they are not fundamentally designed for Gen Z, and this is where we add value,” said Kumar, CEO of Zywa.

https://techcrunch.com/2022/08/23/yc-backed-zywa-a-neobank-for-gen-z-raises-3m-to-expand-across-mena/