Spare (@tryspare) has partnered with UAE-based online brokerage Tabadulat (@tabadulat) to integrate Pay-by-Bank into its investment platform, enabling near real-time account-to-account deposits and withdrawals. The partnership brings Open Finance into the investment journey, allowing investors to move funds directly between their bank and brokerage accounts using regulated payment rails instead of traditional card-based funding. Dalal AlRayes, Co-founder and CEO of Spare, said: “We're seeing Open Finance move beyond traditional payment use cases into wealth, trading, and digital asset platforms.” Dalal AlRayes added: “Our partnership with Tabadulat marks an important milestone in bringing Open Finance to the investment journey.” Samy Mohamad, Co-founder of Tabadulat, said: “Integrating Spare’s Pay by Bank infrastructure will help our investors move funds directly between their bank and investment accounts with greater speed and ease, while strengthening the safeguards behind every transaction.” The partnership also supports compliance by verifying that deposit and withdrawal bank accounts match a customer’s verified identity, reducing fraud risk and supporting verified sources of funds. Read More: propertynewsint.com/en-ae/ne… #OpenFinance #PayByBank #UAEFintech #DigitalInvestment

Spare (@tryspare) has partnered with UAE-based B2B payments company Xsquare to deliver Open Finance-powered business payment solutions under the Central Bank of the UAE’s Open Finance Framework. The partnership integrates Pay by Bank capabilities into business payment workflows, helping companies reduce transaction costs, improve cash flow and simplify payment operations across payables, receivables and cross-border payments. Through Spare’s Open Finance infrastructure and unified API, Xsquare clients will be able to access account-to-account payment capabilities with lower transaction costs, near real-time settlement and reduced operational complexity. Dalal AlRayes, Co-founder and CEO of Spare, said: “B2B payments across the region remain heavily fragmented, expensive, and operationally complex. Partnering with Xsquare allows us to bring Open Finance capabilities into real-world business payment workflows.” Ashwin Shenoy, CPO & Co-Founder of Xsquare, said: “Open Finance is set to fundamentally reshape how businesses transact, and we believe the UAE is uniquely positioned to lead this transformation.” Read More at: propertynewsint.com/en-ae/ne… #OpenFinance #UAEFintech #BusinessPayments #PayByBank