Spare

Most businesses are making cash flow decisions based on where their money was yesterday, not where it is right now. An end-of-day report tells you what happened. It doesn't tell you what you can actually do today. At low volumes, that lag is manageable. At scale, it's a blind spot, and blind spots have a cost. Live account data closes that gap. Inflows and outflows become visible the moment they happen, supplier payments get timed against real balances instead of guesswork, and reconciliation happens continuously instead of piling up at the end of the day. 💡 Visibility stops being something you check, it becomes something you act on. #OpenFinance #Payments #Fintech #UAE #GCC

The Central Bank of the UAE's Open Finance framework is live, AlTareq is the scheme that powers it, and the gap between what it enables and what most businesses have acted on remains wide. From lower-cost payments and real-time account verification to cross-border payment initiation, these capabilities are available today. The UAE is also the first country globally to implement a consolidated trust framework and centralised API hub for Open Finance, making adoption faster and more reliable than in most markets. Here's what it means in practice. 📌 https://lnkd.in/dNHRCuyA #OpenFinance #UAE #Fintech #Payments #AlTareq

A failed card payment isn't just a missed transaction. It's a customer to notify, a retry to manage, a reconciliation entry to resolve, and a support ticket if they're confused. One failure, a small chain reaction. At scale, that chain reaction compounds. A business processing AED 5 million a month at a 10% failure rate isn't dealing with one failure, it's dealing with hundreds, worth half a million dirhams every month, most of it caused by expired cards, fraud blocks, and timeouts that were never in anyone's control. Account-to-account payments remove that structure. No stored credentials to fail, real-time confirmation instead of ambiguity, and failure rates as low as 1-2% in more mature European markets. 📊 #OpenFinance #Payments #PayByBank #UAE #Fintech

Most lenders piece their stack together from multiple providers: one for bank data, another for decisioning, a separate tool for disbursement, and something else again for collections. Each handoff adds integration work and another vendor relationship to maintain. Spare consolidates that into a single stack. When an application lands, Spare pulls real-time bank data with consent, giving lenders income verification and cash flow signals to sit alongside existing bureau data, so decisions are made on a fuller picture rather than a partial one. Once approved, funds disburse instantly over Open Finance rails, straight to the borrower's account. Repayments are then collected automatically on schedule, with recollection logic built in for missed payments. Verification, disbursement, and collection, through one integration instead of four. That's what a lending stack looks like when the complexity sits with Spare instead of the lender. #OpenFinance #Lending #Payments #UAE #Fintech

Financial data has always existed. What has changed is how quickly it can be accessed, how rich it is, and what businesses can do with it the moment it arrives. Real-time financial data isn't just an insight tool. It's an action layer, and the businesses using it that way are pulling ahead. 🔎 Read more in our latest blog post: https://lnkd.in/evk2SVzN #OpenFinance #Fintech #Payments #UAE #GCC

Cross-border payments in the GCC have always come with a cost, in complexity and in operational overhead. Multiple banking relationships, limited visibility over payment status, processes that don't scale as businesses expand into new markets. That's been the norm. Spare has executed the first international Open Finance payment in the GCC, through AlTareq and in partnership with our bank partners. Cross-border payment initiation is now possible through regulated infrastructure, not a patchwork of bank integrations. For remittance providers, merchants collecting internationally, and platforms managing recurring cross-border flows, that changes what's possible through a single integration. 🌍 Open Finance, without borders. #OpenFinance #Payments #CrossBorder #UAE #Fintech

Most people hand over card details without thinking twice, trusting a system they can't see. Open Banking works differently: the customer approves the request directly through their own bank, using the login they already trust, and those credentials never touch the merchant. That control matters commercially. Customers complete transactions they feel confident in, and merchants carry no liability for access nobody authorised. Compliance sits inside the flow itself, not bolted on afterward. 🔐 Consent was never the obstacle. It's what makes the system trustworthy enough to use. #OpenBanking #Payments #OpenFinance #UAE #Fintech

Bank on File works across more industries than most people realise. From e-commerce subscriptions to loan repayments, the ability to collect directly from a customer's bank account, reliably and without a card in the middle, changes the economics of recurring payments across the board. Here's a look at where it's making the biggest difference. 📊 #OpenFinance #BankOnFile #Payments #UAE #Fintech

Card payments were built on credentials: a number, an expiry date, and a CVV. Information that can be copied, stolen, and used without the cardholder ever knowing. Open Finance authentication works differently. The customer never shares their credentials with anyone. Their bank verifies them directly. Here's why that distinction matters for your business. 🔗 #OpenFinance #Payments #Security #UAE #Fintech

Big news: Spare and XSquare are partnering to bring Pay by Bank into everyday business payments 🤝 Every card payment costs businesses 2 to 3% in fees, plus the wait for funds to settle. That adds up fast when you're managing payables, receivables, and cross-border flows. Through this partnership, Xsquare clients can now use Spare's Open Finance infrastructure to move money directly between accounts. Lower costs. Near real-time settlement. One integration handling the complexity behind it. B2B payments in this region have long been fragmented and expensive. This is what it looks like to fix that, together. Read the full announcement 👇 https://lnkd.in/g_dTYw2b #OpenFinance #PayByBank #UAE #Fintech #B2BPayments