Is Open Money available for business in the United Arab Emirates?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson · Last reviewed 26 June 2026
Availability

Open Money for business in the United Arab Emirates: Not available

Key eligibility
A business in India. Open connects to current accounts held with Indian banks and is regulated in India
Non resident position
Not served from the United Arab Emirates. Open operates with Indian banks for businesses in India
Local currency support
Works with Indian rupee accounts at Indian partner banks. No United Arab Emirates dirham or local UAE account
Headline monthly fee
No local United Arab Emirates pricing. Open's plans apply to businesses in India
Availability and fees as of 26 June 2026Last reviewed 26 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 26 June 2026, Open does not serve business customers in the United Arab Emirates. Open, also known as Open Money, is an Indian business finance platform that connects to accounts across Indian banks and is licensed by the Reserve Bank of India. It is built for businesses in India, so a company based in the United Arab Emirates is outside its market. The alternatives below point to providers that do serve the United Arab Emirates.

Does Open Money serve business customers in the United Arab Emirates?

No. Open is an enterprise and small business neobanking platform headquartered in Bangalore that layers payments, reconciliation and cash management on top of current accounts held with Indian banks. It is a technology and payments provider regulated by the Reserve Bank of India rather than a bank itself, and it serves businesses in India. The United Arab Emirates is outside its footprint, so a business there cannot open an Open account. As of 26 June 2026.

Eligibility for businesses in the United Arab Emirates

Open works with businesses that hold or open current accounts with its Indian partner banks, so a company registered only in the United Arab Emirates does not qualify. Its platform is built around Indian banking and regulation. Verify with the provider

What it costs locally

There is no local United Arab Emirates pricing because the platform is not offered there. Open's plans are priced for businesses in India in Indian rupees. The United Arab Emirates dirham and local account details are not supported. As of 26 June 2026

What local users report

There is no established base of United Arab Emirates business users, since the platform serves India. Businesses in the United Arab Emirates that want digital banking and cash management generally look to UAE banks and to cross border providers that operate in the market. As of 26 June 2026, confirm the current position with the provider.

Open Money does not appear to serve business customers in the United Arab Emirates as of 26 June 2026, or the position is unclear. Verify directly with the provider. Providers confirmed available in the United Arab Emirates are listed on the United Arab Emirates country guide.

Questions about Open Money in the United Arab Emirates

Is Open Money available for business in the United Arab Emirates?
No. As of 26 June 2026 Open is an Indian business finance platform that connects to accounts across Indian banks and is regulated by the Reserve Bank of India. It serves businesses in India and does not offer an account in the United Arab Emirates. Verify the current position with the provider. This is general information, not advice.
Can a business in the United Arab Emirates use Open Money?
Open works with businesses that hold current accounts at its Indian partner banks, so a business registered only in the United Arab Emirates does not meet its eligibility. As of 26 June 2026, confirm the current position with the provider.
Does Open Money support the United Arab Emirates dirham?
No. Open works with Indian rupee accounts at Indian banks and does not offer the United Arab Emirates dirham or local UAE account details. As of 26 June 2026, confirm the current position with the provider.
What can a business in the United Arab Emirates use instead?
Providers that serve business customers in the United Arab Emirates are listed on the United Arab Emirates country guide, including local banks and digital options. Availability changes, so verify the current position with each provider before applying. As of 26 June 2026.

Availability, fees, and eligibility change. This page was last reviewed on 26 June 2026. Confirm the current position with Open Money before applying.

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