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Below is a detailed breakdown of the average expected fees over five years for each tier of Bank and Insurer:
Institution Type | 5-year Average (AED) |
|---|---|
Tier 1 Bank | 1,064,000 |
Tier 1 Insurer | 60,000 |
Tier 2 Bank | 252,000 |
Tier 2 Insurer | 30,000 |
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API Hub fees will be set at 2.5 fils per API call for all payment initiation use cases. Balance check calls If a payment transaction occurs within 2 hours of a Balance Check call or a Confirmation of Payee call, both the Balance Check and Confirmation of Payee calls will be set charged separately at 0.5 fils each (instead of 2.5 fils separately ), in addition to the 2.5 fils fee applied for the payment initiation calls.call
LFIs to TPPs charges
LFIs to TPPs charges are summarized below:
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