Payments-3
CHALLENGE

Cumbersome payment processes

Traditional payment capabilities pose challenges with slow processing, high costs, and security concerns. Delays in fund transfers and settlements impact cash flow and efficiency. Transaction fees and intermediaries add to the costs, affecting profitability. These limitations hinder businesses from offering efficient, cost-effective, and secure payment experiences.
SOLUTION

Faster, cheaper and safer payments

Open Banking provides a transformative solution by streamlining payments and reducing delays. It enables direct bank-to-bank transfers, minimising intermediaries and lowering costs. Open Banking empowers businesses to deliver efficient, cost-effective, and secure payment experiences to their customers.

rain-1
quotation mark

Our partnership with Tarabut unlocks a new era for crypto asset adoption in the region. Through quick and efficient deposit mechanisms, end-users on Rain’s platform will now be able to fund their accounts and capitalise on market movements seamlessly. This integration with Tarabut cements Rain’s premium product offering in the region.

Joseph Dallago
Rain CEO
Read case study
acute_FILL0_wght400_GRAD0_opsz48 1

Faster Settlements

With direct bank-to-bank transfers, transactions are completed instantly, providing a seamless and convenient payment experience for businesses and customers alike.
trending_down_FILL0_wght400_GRAD0_opsz48-2

Reduce Costs

Minimise intermediaries and transaction fees, reducing expenses associated with payment processes to optimise your financial resources and improve your bottom line.
encrypted_FILL0_wght400_GRAD0_opsz48 1

Enhance Security

Robust authentication protocols and encryption to ensure the confidentiality and integrity of payment data. Protect against fraud and unauthorised access, giving your customers peace of mind.

Products you’ll need

Pay

Secure bank-to-bank payment with real time settlements and significantly reduced costs.
Learn more

Events and Resources

Business growth , Lending , Saudi Arabia , Data
American Express Saudi Arabia and Tarabut Pioneer First-of-its-Kind Open Banking Experience to Expand Credit Access
Riyadh, Kingdom of Saudi Arabia – 23 April, 2025:American Express Saudi Arabia has introduced a ground-breaking, open banking-powered ...
Open finance , Banks , Data
From Open Finance to Smart Finance: Why Real-Time Decisioning is the Future
Finance isn’t just evolving, it’s learning.
Saudi Arabia , Banks , Bahrain , POS Financing
Unlocking Opportunities with POS Financing: The Future of Invisible Lending in the GCC
Digitisation is perpetually transforming industries, redefining how we shop, travel and consume entertainment. Yet, applying for a loan still feels ...
See all
call_FILL0_wght400_GRAD0_opsz48
Talk to us
We're here to help you make the most of open banking.
Get in touch
terminal_FILL0_wght400_GRAD0_opsz48
Start building
Create an account to explore our APIs
Sign up
Read our docs