In a landmark development for the UAE's fintech landscape, Lean Technologies and Ziina have unveiled the country's inaugural One-Tap Pay by Bank experience, operating under the Open Finance framework. This innovative feature allows users to link their bank accounts once and effortlessly top up their Ziina wallets with a single tap, eliminating the cumbersome process of repeatedly entering banking credentials or being redirected to bank portals. The launch signifies a pivotal shift in the Pay by Bank model, evolving from isolated transactions to seamless, recurring account-to-account payments. Lean's Deposits solution underpins this capability, showcasing the potential for frictionless digital payment journeys that align with consumer expectations for simplicity and efficiency. The announcement was made during Lean's flagship event, which gathered over 150 industry leaders to explore the future of account-to-account payments in the region. With this launch, both companies are poised to enhance user experiences and drive the adoption of digital payment solutions in the UAE.
Source: Wamda
