Zand

Overview

Zand is a UAE-based digital banking provider available within the platform. It allows account creation and payment operations, primarily within the United Arab Emirates.

The integration supports:

Local UAE payments in AED
Extended capabilities in USD, including international transfers

Zand acts as a local banking provider for the UAE market, enabling both domestic and selected international operations.

Default currencies

AED:

Domestic UAE payments
Incoming and outgoing transfers within the UAE

USD:

Local and international payments
SWIFT transfers available for international transactions

Please note that multi-currency accounts are not supported. Each account operates in a single currency only.

Accounts

What you can do:

Open accounts in AED or USD
Manage multiple accounts
View account details (including IBAN)
Suspend, unsuspend, or close accounts

Key characteristics:

Each account has a unique IBAN
Each account is single-currency (AED or USD)

Supported account operations:

Operation	Description
Create account	Create a mono-currency account (AED or USD)
Get account details	Return account information (including IBAN)
Suspend account	Change account status to Blocked
Unsuspend account	Change account status to Active
Close account	Permanently close the account (cannot be reopened)

Payments & Transfers

UAE Local Transfers:

Send and receive domestic payments within the UAE
Available in AED and USD
Fast and automated routing within the local banking system

International Transfers (SWIFT):

Available for USD accounts
Use to send and receive payments outside the UAE

Internal Transfers:

Transfer funds between your own accounts
Send money to other users within the platform
Supports:
- Same-currency transfers
- Cross-currency transfers (e.g. AED ↔ USD)

Incoming Payments:

Receive funds from external accounts
Automatically reflected in your account

Outgoing Payments

Send funds locally or internationally
Track payment status within the platform

Transactions

The Zand integration supports several types of transactions:

Transaction type	Description
Internal transfers	Transfers between accounts belonging to different users within the platform
Self transfers	Transfers between accounts of the same user
UAE local transfers	Domestic transfers within the UAE (AED & USD)
International transfers (SWIFT)	Cross-border transfers (USD only)
UAE local outgoing	Outgoing domestic AED payments
UAE local incoming	Incoming domestic AED payments
Transaction synchronization	Synchronization of transaction data between the provider and the platform
Transaction import	Import of historical transactions
Outgoing webhooks	Provider notifications for outgoing transactions

Products and services

The following table summarizes the functionality implemented with Zand:

Physical (Real) accounts	no
Virtual accounts	yes
IBAN generation	yes
Private accounts	yes
Business accounts	yes
Multi-currency accounts	no
Mono-currency accounts	yes
SEPA Credit Transfer (SCT)	n/a
SEPA Instant (EUR-3)	n/a
Target2 (EUR-1)	n/a
SWIFT	Yes (USD only)
Direct Debit (BACS, SEPA)	n/a
CHAPS (UK)	n/a
Faster Payments (UK)	n/a
BACS (UK), incoming only	n/a
ACH	n/a
Fedwire	n/a
Intraday Payment (DKK)	n/a
FX orders + rates	n/a
Interledger	n/a
Refunds (incoming, outgoing)	no
Bank transfer	yes
CoP	no
Provider Dashboard	no

Additional materials

Website:https://www.zand.ae/en