In a significant advancement for the UAE’s financial technology landscape, Pay10 and Commercial Bank of Dubai (CBD) have announced the successful go-live of Open Finance services. This launch, conducted under the UAE’s national Open Finance Initiative, Al Tareq, signals a major transition towards regulated, customer-centric digital financial services in the country.
From Pilot to Production for Retail Customers
This milestone moves beyond controlled pilots into live customer usage, marking one of the first large-scale retail implementations of Open Finance in the UAE. As part of the activation, CBD, in collaboration with Pay10, has enabled its retail current and savings accounts to connect through the nation’s Open Finance framework. This allows customers to securely share their data and initiate payments in full compliance with Central Bank of the UAE (CBUAE) regulations.
The go-live was achieved after completing live transactions in a production environment, which successfully validated the technical integration, operational readiness, and the end-to-end flow of data and payments between the two institutions. This phase shifts the initiative from early testing to a structured, real-world deployment, allowing CBD to offer Open Finance-enabled services while upholding strict governance and security standards.
A Regulated Ecosystem Under CBUAE Oversight
The entire activation has been facilitated by Nebras, the CBUAE-supervised Open Finance platform. The platform’s enablement of both Pay10 and CBD confirms that all regulatory, technical, and operational requirements have been met, ensuring secure participation within the new ecosystem. Pay10 holds the distinction of being the first entity licensed by the Central Bank of the UAE under this specific Open Finance framework.
Mr. Harry Gill, Founder and Chairman of Pay10, noted that the full-scale go-live represents a tangible step in translating the UAE leadership’s Open Finance vision into operational reality. He emphasized that it enables secure and regulated customer access while upholding the highest standards of trust, governance, and compliance.
Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, stated that this move places the bank at the center of a fundamental shift in the UAE’s financial architecture.
“We are proud to be one of the first banks in the UAE to take a major step in creating a more connected ecosystem that gives customers greater control over their financial interactions,” said Dr. van Linder. “This step reflects CBD’s long-term focus on creating seamless, digital-first customer experiences that accelerate the UAE’s growth and empowers both nationals and residents with innovative and transparent financial solutions.”
About Pay10
Pay10 is a regulated alternative payments platform delivering secure, interoperable, and compliant digital payment solutions. Licensed and operating under regulatory frameworks in India, the UAE, Bahrain, and Morocco, and expanding into additional international markets, Pay10 works closely with regulators, financial institutions, and ecosystem partners to support the development of trusted digital payment infrastructures.
Source: Zawya
