This milestone reflects the Central Bank’s vision for modern, secure financial infrastructure and shows
Lean Technologies, the MENA region’s leading financial infrastructure provider, and Ziina, the UAE’s homegrown consumer and business payments platform, announce the launch of the country’s first live customer-initiated Open Finance payment experience under the Central Bank of the UAE’s (CBUAE) Open Finance framework.
With this launch, Ziina, a licensed financial institution (LFI) through its Stored Value Facility (SVF) authorization, becomes the first entity in the UAE to execute live Open Finance payments initiated by customers.
Ziina app users can now complete instant, account-to-account bank payments through regulated Open Finance APIs that connect directly to their bank accounts, giving them a faster, more transparent and secure way to move money without switching channels or relying on manual transfers.
Connectivity and compliance
Lean provides the regulated Open Finance infrastructure underpinning the experience, including secure connectivity, compliant payment initiation and enterprise-grade resilience. Ziina delivers the customer experience, designing a payment flow that reflects how UAE consumers expect money to move – instantly, predictably and with full trust in the underlying rails, a press statement indicated.
“Enabling customers to complete a bank payment directly inside the Ziina app through Open Finance reflects how forward-thinking policy can shape everyday financial behaviour. We are proud to partner with Lean Technologies to bring the vision to life,” noted Faisal Toukan, Co-founder and CEO, Ziina.
“This milestone reflects the Central Bank’s vision for modern, secure financial infrastructure and shows what becomes possible when strong connectivity meets thoughtful product execution,” commented Hisham Al-Falih, CEO, Lean Technologies.
