Mashreq Bank, one of the UAE’s leading financial institutions, has entered the Al Tareq sandbox environment as part of its Open Finance implementation journey.
What This Means
Mashreq’s sandbox entry represents another significant step in the UAE’s Open Finance rollout. As one of the country’s oldest private banks, their participation adds credibility and momentum to the ecosystem.
Expected API Support
Based on sandbox registration, Mashreq is expected to support:
- Account Information APIs — Balance and transaction access
- Payment Initiation — Domestic payment capabilities
- Confirmation of Payee — Name verification services
Timeline
While no official production date has been announced, sandbox participants typically progress to production within 3-6 months of completing conformance testing.
This brings the total number of sandbox participants to a growing roster of UAE financial institutions embracing Open Finance.