How does service/payment initiation consent work for a single payment via Licensed Financial Institution website or Spare?

To consent to a payment initiation, select ‘Pay by Bank with AlTareq’ on Third-Party Provider website or app, at checkouts or on other e-commerce platforms and select the Licensed Financial Institution (e.g. bank) to authorise the payment from. The Third-Party Provider app or checkout/e-commerce platform will display payments details and then request you to confirm permission to make a payment. You will be redirected to your bank’s app/portal for authentication by verifying your identity by logging into your bank, after reviewing payment details and selecting the account to pay from, before confirming “Pay using AlTareq”. You will then be switched back to Third-Party Provider portal/app or checkout/e-commerce platform after payment confirmation and if it’s been successful, a confirmation of payment will be shown.

Updated on: 27/01/2026