Latest news with #Pay10
Yahoo
13-05-2025
- Business
- Yahoo
PharmaSentinel Secures License Agreement with Pay10 for Medsii.com
LONDON, May 13, 2025 /PRNewswire/ -- PharmaSentinel Limited, a leading provider of AI-driven digital health solutions, is pleased to announce a significant license agreement with Pay10 ( for its flagship product, This strategic partnership offers mutual benefits: it empowers PharmaSentinel to further develop and refine its innovative solutions, whilst also enabling Pay10 to strengthen its offerings in a distinct vertical. is an advanced B2B platform that heavily leverages AI to provide a 360-degree verified view of scientific, clinical, regulatory, and competitive intelligence. Medsii enables PharmaSentinel to effectively penetrate and capitalise on the global £25 billion-per-year healthcare analytics market — a sector expanding at an impressive 20% CAGR. "This agreement with Pay10 is a major milestone for PharmaSentinel," said Fabrizio Ballantini, CEO of PharmaSentinel. "It validates our technology platform amid the growing demand for comprehensive intelligence solutions in the pharmaceutical and biotech sectors, reaffirming our commitment to innovation and informed decision-making. Although our platform is currently used by Life Sciences customers, its underlying technology is easily adaptable to other regulated industries such as law, financial services, and beyond" The partnership will enable Pay10 to expand its intelligence services, offering enhanced insights and regulatory support to its global users. With this collaboration, both companies are set to drive innovation and improve data accessibility for stakeholders worldwide. PharmaSentinel is a UK-based healthtech company that leverages AI to provide rapid, personalised, and timely regulatory and scientific medicines intelligence. Their platform is robust, scalable, secure, and GDPR compliant. PharmaSentinel's technology helps pharmaceutical companies to discover faster medicines intelligence, save costs, and free up valuable resources to focus on higher-value activities PharmaSentinel's flagship product, offers trusted global health and medicines news and alerts, providing intelligence about various medical conditions, possible drug interactions, and is designed to make medicines and health information accessible and personalised for users globally. Pay10 ( is a leading digital payment platform designed to simplify and secure financial transactions for both individuals and businesses. Pay10 offers a range of services including a digital wallet, payment gateway, and merchant app For businesses, Pay10 provides tools to expand customer reach, optimise transactions, and access detailed analytics. The platform is certified with industry standards of compliance, ensuring secure and efficient payment processes. Terms of the agreement are confidential and were not disclosed. For further information, contact: Fabrizio Ballantini Director & CEO PharmaSentinel Limited Fabrizio@ Photo - - View original content to download multimedia: SOURCE PharmaSentinel Limited
India Today
24-04-2025
- Business
- India Today
Pay10 becomes first entity to go live on CBUAE's open finance framework
Pay10, a UAE-based Alternative Payment Method (APM) provider, has made history by becoming the first fintech company to go live on the Central Bank of the UAE's (CBUAE) Open Finance Framework. This marks the first production launch under the newly established regulatory infrastructure—preceding even traditional banks and other fintech this regulatory milestone, Pay10 is now authorised to offer payment initiation services, including variable recurring payments, under the Open Finance license. This builds on its existing approvals under the Retail Payment Services and Card Schemes (RPSCS) and Stored Value Facilities (SVF) frameworks—making it the only fintech in the UAE currently licensed under all new license gives Pay10 secure, real-time access to consumer bank accounts, enabling seamless third-party financial services. This sets the foundation for broader innovations in areas such as embedded finance, digital identity, and interoperable payment systems. Prabhpreet Singh Gill, Chairman of Pay10, said: 'We are grateful to the Central Bank of the UAE for the trust placed in us following a rigorous regulatory process. Becoming the first fintech to go live under Open Finance is not just an achievement—it's a responsibility. We are aware that we are setting the benchmark for what comes next.'The Central Bank's Open Finance regulation, introduced in mid-2024, is part of the UAE's digital financial strategy. It allows licensed third-party providers to access customer-approved financial data, aiming to improve transparency, drive innovation, and expand access to services—especially for unbanked and underserved live status means it is now fully operational within the Open Finance ecosystem. However, the framework's full impact will unfold as other financial institutions integrate and go live. Until then, Pay10 stands as the early mover in what could become one of the UAE's most transformative fintech all three major fintech licenses now in place, Pay10 is positioned to offer a fully digital, secure, and regulated financial services platform. It plans to leverage this position to support the UAE's national development goals, including financial inclusion, digital economy growth, and reduced reliance on traditional banking infrastructure.
Arabian Business
24-04-2025
- Business
- Arabian Business
UAE fintech Pay10 first to launch on Central Bank's open finance framework
Pay10, a UAE-based Alternative Payment Method (APM) provider, has become the first fintech company to achieve production status on the Central Bank of the UAE's Open Finance Framework. This development authorises the company to provide payment initiation services, including variable recurring payments. The launch represents the first operational implementation of regulated open finance infrastructure in the UAE, preceding any similar activation by traditional financial institutions or other fintech companies. UAE's open finance pioneer This open finance authorisation adds to Pay10's regulatory portfolio, joining its existing licenses under the Retail Payment Services and Card Schemes (RPSCS) and Stored Value Facilities (SVF) frameworks. With approval of its production environment, Pay10 can now establish secure, real-time connections to bank accounts, creating a foundation for future innovation in data-driven financial services across the region. While Pay10 is now fully operational within the framework, the broader impact will materialise as licensed banking partners complete their integration into the ecosystem. Prabhpreet Singh Gill, Chairman of Pay10, said: 'We are grateful to the Central Bank of the UAE for the trust placed in Pay10 following a rigorous and thorough regulatory process. Becoming the first fintech to go live in production on the open finance framework is both an honour and a responsibility. We recognise the importance of setting a standard – operationally, technically, and in governance – for those who follow. This milestone underscores the UAE's leadership in building a secure, interoperable financial ecosystem anchored in regulatory clarity and innovation.' The achievement follows Pay10's consistent compliance with regulatory requirements across technical, compliance, and operational areas. The company has acknowledged the Central Bank of the UAE's crucial role in facilitating a responsible and secure rollout. The license creates new pathways for secure third-party access to financial data, with notable implications for embedded finance, digital identity, interoperability, and financial inclusion. The Central Bank of the UAE introduced the Open Finance Regulation in mid-2024, outlining a phased implementation strategy designed to enable secure access to customer-permissioned financial data through licensed third-party providers. The framework aims to enhance transparency, innovation, and interoperability within the financial sector and serves as a key element of the country's broader digital economy and financial inclusion strategy. Pay10's platform now integrates all three core regulatory authorisations—RPSCS, SVF, and open finance—positioning the company to support a fully digital, interoperable financial services stack under the Central Bank's direct supervision. These licenses enable Pay10 to contribute to the UAE's national development agenda by expanding financial services access for unbanked and underserved populations, promoting economic diversification, and advancing the country's digital transformation goals.
Zawya
24-04-2025
- Business
- Zawya
Pay10 becomes first entity to go live on CBUAE's open finance framework
Abu Dhabi, UAE – Pay10, a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the Central Bank of the UAE's (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment. This milestone marks the first live launch of regulated Open Finance infrastructure in the UAE - preceding activation by any financial institution or fintech. The Open Finance authorization is Pay10's third regulatory license in the UAE, complementing its existing authorizations under the Retail Payment Services and Card Schemes (RPSCS) and Stored Value Facilities (SVF) frameworks. The approval of Pay10's production environment enables secure, real-time connectivity to bank accounts, laying the foundation for future innovation in data-driven financial services across the region. While Pay10 is now fully onboarded and operational, the broader impact of the Open Finance framework will be realized as licensed banking partners complete their integration into the ecosystem. Prabhpreet Singh Gill, Chairman of Pay10 stated: 'We are grateful to the Central Bank of the UAE for the trust placed in Pay10 following a rigorous and thorough regulatory process. Becoming the first fintech to go live in production on the Open Finance framework is both an honour and a responsibility. We recognize the importance of setting a standard - operationally, technically, and in governance - for those who follow. This milestone underscores the UAE's leadership in building a secure, interoperable financial ecosystem anchored in regulatory clarity and innovation.' Pay10's achievement reflects sustained alignment with regulatory requirements across technical, compliance, and operational domains. The company acknowledges the critical role of the Central Bank of the UAE in enabling a responsible and secure rollout. This license opens new pathways for secure third-party access to financial data, with significant implications for embedded finance, digital identity, interoperability, and broader financial inclusion. The Central Bank of the UAE issued the Open Finance Regulation in mid-2024, laying out a phased implementation strategy designed to enable secure access to customer-permissioned financial data through licensed third-party providers. The framework supports enhanced transparency, innovation, and interoperability within the financial sector, and is a key pillar of the UAE's broader digital economy and financial inclusion strategy. Against this backdrop, Pay10's platform now integrates all three core regulatory authorizations—RPSCS, SVF, and Open Finance - positioning the company to support a fully digital, interoperable financial services stack under the direct supervision of the Central Bank of the UAE. These licenses enable Pay10 to contribute meaningfully to the UAE's national development agenda by expanding access to financial services for unbanked and underserved populations, promoting economic diversification, and advancing the country's digital transformation goals. About Pay10 Founded in 2017, Pay10 is a financial technology company headquartered in the United Arab Emirates and operates under the supervision of the Central Bank of the UAE and is licensed to provide services under the Open Finance, RPSCS, and SVF frameworks. The company's Alternative Payment Method (APM) platform enables instant payments, merchant services, and real-time cross-border transactions. Designed to support national schemes and digital economies, the platform combines stored value, wallet-based transfers, and QR-driven payments into a single, seamless experience. Under the leadership of Chairman Prabhpreet Singh Gill (Harry Gill), the company delivers a secure, seamless, and scalable payments ecosystem designed to empower individuals, merchants, and enterprises. Operating in alignment with central bank mandates and national development agendas, Pay10 supports domestic payment schemes and advances financial inclusion across emerging and established markets. Its merchant-first approach offers lower transaction costs and instant settlements, helping businesses take control of their cash flow. With innovation, trust, and compliance at its core, Pay10 is reshaping the future of money - one transaction at a time. More information at
