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Author	CBUAE
Version	1.0 - June 2024
Classification	Public

1. API Hub Fixed Fees

Fee Category		Schedule of Fees
Banks	Tier 1	AED 1.065 M on average per year for five years
	Tier 2	AED 0.267 M on average per year for five years
Insurers	Tier 1	AED 0.064 M on average per year for five years
	Tier 2	AED 0.031 M on average per year for five years
TPPs		Introduce a tiered annual licensing fee based on number of Open Finance customers – between 20K and 100K AED per year

2. API Hub Variable Fees

Fee Category

Schedule of Fees

Per API Call Fees

Set a uniform API call fee of 2.5 fils across all usage

Gather fees from TPPs based on their API consumption

Reconcile fee shortfalls or excess according to total annual revenue target at the year’s end in line with fixed contributions:

Keep the surplus as reserve in case of excess revenue
Charge LFIs in case of revenue shortfall if reserve is insufficient

Consider waiving API call fees for LFIs in first two years

3. Fees by Use Case

Fee Category		Schedule of Fees
One off Payments and Standing Mandate Payments	LFI to TPP fees	Cap LFIs to TPP charges at 38 bps which decreases to 25 bps in 5 years for each transactions. The highest amount can be charged per transaction is capped at AED 50 for volumes above AED 200 per merchant per day (merchant collection) Cap LFI to TPP charges for high-value transactions at AED 50 for transactions above AED 20K to align with other UAE payment rails like Jaywan and international best practices. Cap LFI to TPP charges to 4 AED for selected payments (e.g., rent) Introduce Me-2-Me sweeping for 20 fils, reducing to 18 and then 17 fils in the subsequent years Allow LFIs to charge up to 25 fils for peer-to-peer payment, including small business-to-small business sweeping
	TPP to End User fees	Suggest (issue guidelines) TPPs to keep prices below 63 bps to 50 bps at year 5 (merchant collection) Suggest (issue guidelines) TPPs to keep prices below AED 10 for selected payments (e.g., rent), above 5,000 value Suggest (issue guidelines) TPPs to keep prices below 50 fils for peer-to-peer payment
Corporate (Treasury) Payments	LFI to TPP fees	Cap LFIs to TPPs payment call fees at 250 fils
	TPP to End User fees	Cap TPPs to customer payment call fees at 450 fils
PFM and BFM	LFI to TPP fees	Free until 15 attended calls and up to 5 unattended API calls per customer per day Allow LFIs to charge the market determined price to TPPs in case of consumption over the thresholds
	TPP to End User fees	Free until 15 attended calls and up to 5 unattended API calls per customer per day Market Determined Price above thresholds
Life Assurance Quotes and Non-Life Assurance Quotes	LFI to TPP fees	Non-chargeable
	TPP to End User fees	Market Determined Price
Customer Details and Banking Metadata Details	LFI to TPP fees	Non-chargeable
	TPP to End User fees	Non-chargeable
Corporate (Treasury) Functionality	LFI to TPP fees	Cap LFI to TPPs data call fees at 40 fils/100 lines
	TPP to End User fees	Market Determined Price