MoneyHash and Spare, a regional open banking infrastructure provider operating in alignment with regulatory frameworks across the GCC, announced a new partnership to enable merchants to offer Pay By Bank solutions in the UAE.
As businesses across the region explore new ways to optimize payment costs, customer choice, and operational efficiencies, open banking is emerging as a key pillar of modern payment strategies, particularly through the adoption of open banking payment initiation APIs that enable secure, account-to-account transactions.
Through its collaboration with Spare, MoneyHash reinforces its commitment to supporting innovation in this space and contributing to the broader development of secure, compliant, and efficient payment practices.
“Open banking is reshaping how digital payments evolve in the region, bringing new ways to enhance security, speed, and customer choice,” said Maram Alikaj, Chief Operating Officer at MoneyHash. “Working with Spare aligns with our mission to support the industry with modern payment capabilities and deepen the understanding of how bank-based payments can create value for businesses.”
