CBD enables live Open Finance services in partnership with Pay10, marking a major step in the UAE’s regulated digital finance ecosystem
Dubai, UAE: Pay10 and Commercial Bank of Dubai (CBD) have announced the successful go-live of Open Finance services under the UAE’s AlTareq Open Finance Initiative, representing a significant milestone in the country’s shift toward customer-centric, regulated digital financial services.
As part of this activation, CBD – working in collaboration with Pay10, a Central Bank of the UAE–licensed Open Finance provider has enabled its retail current and savings accounts to connect through the national Open Finance framework. This allows customers to securely share financial data and initiate payments in full compliance with Central Bank of the UAE regulations.
The implementation represents one of the first large-scale retail Open Finance deployments in the UAE, moving beyond controlled pilot phases into live, real-world customer usage. The successful go-live confirms CBD’s operational readiness and demonstrates the maturity of the UAE’s Open Finance infrastructure.
The activation was delivered through Nebras, the Central Bank of the UAE–supervised Open Finance platform, which validated that all regulatory, technical, and operational requirements had been met. Nebras’ enablement confirms that both Pay10 and CBD are operating under the appropriate governance, security, and oversight frameworks required for participation in the Open Finance ecosystem.
Through this collaboration, live transactions were completed in a production environment, validating end-to-end data sharing, payment initiation, system integration, and compliance controls. This phase marks the transition from early testing to structured, scalable deployment across CBD’s retail banking services.
Commenting on the milestone, Mr. Harry Gill, Founder and Chairman of Pay10, said the full-scale go-live represents a tangible step in translating the UAE leadership’s Open Finance vision into operational reality, enabling 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, said;
“CBD’s full-scale Open Finance activation places the bank at the centre 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. 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.”
Looking ahead, Pay10 and CBD will continue to expand Open Finance use cases, support broader customer adoption, and monitor performance at scale in line with the UAE’s long-term digital finance vision under the AlTareq initiative.
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.
