UAE-based payments company Pay10 has partnered with TotalPay to give merchants on the TotalPay network access to Pay10 as an additional digital payment method.
The partnership uses Al Tareq, the UAE’s open banking initiative, and is designed to reduce technical integration requirements for merchants accepting digital payments.
According to the announcement, TotalPay merchants can reduce transaction fees by up to 70% and receive same-day settlement. The arrangement is intended to lower payment acceptance costs and give businesses faster access to funds.
Pay10 said the deal will expand access to its payment services through existing merchant platforms. Its services are provided through Pay Ten Payment Services Provider LLC, which is licensed by the Central Bank of the UAE.
Source: Fintech Gate
