Lean Technologies, the Middle East and North Africa (MENA) region’s prominent financial infrastructure provider, has expanded its Pay by Bank capabilities. This expansion is built directly upon the UAE’s newly operational Open Finance framework, marking a significant structural shift in the nation’s digital payments landscape.
By utilizing regulated payment initiation, Lean is elevating its existing account-to-account (A2A) infrastructure into a unified suite. This new offering supports a wide range of commercial flows, including:
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Deposits and Collections: Streamlining how businesses receive and manage funds.
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Checkout: Providing a seamless payment option at the point of sale.
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Subscription Flows: Enabling recurring payments without the reliance on traditional card networks.
A billion-dollar track record
While the regulatory framework is new, Lean’s experience with A2A payments is not. The company has enabled these payments across the UAE since 2022, processing billions in Total Processed Volume (TPV). This existing scale served as the foundation for the current expansion, proving the model’s reliability for leading enterprises such as e&, Careem, DAMAC, and OKX.
The economic impact of this shift is already tangible. Lean reports that it has helped businesses save more than $100 million in card fees to date. By moving payments onto regulated A2A rails, businesses can bypass the high costs and complexities often associated with legacy card-based models.
The shift to regulated infrastructure
The operationalization of the UAE’s Open Finance framework represents a move from purely commercial A2A capabilities to nationally standardized infrastructure. This allows businesses to adopt these payment methods with increased confidence, backed by a clear pathway from government policy to technical implementation.
“Over the past 4 years, we have demonstrated that this model works at scale… embedding these payments into everyday digital journeys,” said Tewfik Cassis, CPO at Lean Technologies. “When we began enabling account-to-account payments in the UAE, our conviction was that they would become a structural component of the country’s digital economy”.
Modernizing the UAE digital economy
With one of the most digitally connected economies globally, the UAE is positioned to embed Pay by Bank across various sectors, including commerce and financial services. Lean’s expansion on regulated rails is intended to broaden payment choice for consumers while reducing the overall reliance on legacy financial systems.
Founded in 2019, Lean Technologies has supported over 400 companies and connected more than 2 million accounts across the region. As the UAE continues to translate regulatory frameworks into deployable financial infrastructure, Lean remains focused on developing the secure, scalable tools necessary for a competitive digital economy.
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