Tag Archives: UAE’s AlTareq Initiative

Pay10 and Commercial Bank of Dubai Launch Open Finance Under the UAE’s AlTareq Initiative

Dubai, UAE, 28 December 2025: Pay10 and Commercial Bank of Dubai has announced the successful go-live of Open Finance services under the UAE’s Open Finance Initiative, AlTareq, marking a significant advancement in the country’s transition toward regulated, customer-centric digital financial services.

As part of this milestone, CBD in collaboration with Pay10 has enabled its retail current and savings accounts to connect through the UAE’s Open Finance framework, allowing customers to securely share data and initiate payments in line with Central Bank of the UAE regulations. This activation represents one of the first large-scale retail implementations of Open Finance capabilities in the country, moving beyond controlled pilots into live customer usage.

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