Lean Payments vs TrueLayer Payments
Lean Payments
leantech.me
TrueLayer Payments
truelayer.comSide by side
| Figure | Lean Payments | TrueLayer Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 0 | 0 |
| Spec score · Open Banking Payment Platforms | 7.5 (#8) | 7.2 (#12) |
| Company history | Lean says it was founded in 2019. | TrueLayer’s 2024 financial performance report says the company began in London in 2016. |
| Headquarters | Riyadh, Saudi Arabia | London, United Kingdom |
| Integrations | Lean says one integration connects businesses to its open banking network across the UAE and KSA. | TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node. |
| Security | Lean's security page describes encryption, secure cloud architecture, continuous security monitoring, and regular audits and assessments. | The payment page says customers authorise payments using their bank’s biometric security and that the product adheres to EU and UK strong customer authentication regulations. |
| Support | Lean links to its Help Center and offers a contact-us page for inquiries. | TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues. |
| What it does | Lean provides businesses with APIs for payments, Open Banking, financial data, and customer verification across MENA. | TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. |
In their own words
Lean Payments
Lean Payments gives banks, fintechs and enterprises in Saudi Arabia and the UAE APIs for payments, Open Banking, financial data and customer verification across MENA. Its eCommerce service lets customers pay from a bank account, with real-time confirmation, automatic order reconciliation and no card fees. The Payouts product handles withdrawals, refunds, supplier payments, third-party disbursements and bulk payouts through an API and dashboard. Each payout verifies account ownership, and access requires Lean to enable it; authorization can be manual in the dashboard, through an invited bank portal or automatic. Financial Data provides customer-permissioned account details, balances and transactions, plus insights and standardized reports on income, expenses, cashflow and balances. Saudi integration options include sandbox and production environments, OAuth, APIs and an embeddable Lean Link SDK for Web, iOS, Android, React Native and Flutter. Lean says one integration connects to its UAE and KSA open banking network, which supports payments and data from more than 30 MENA banks. Lean KSA says it is licensed by the Saudi Central Bank for payment and Open Banking services. Pricing is on request.
TrueLayer Payments
TrueLayer Payments lets businesses accept Pay by Bank payments from customers’ bank accounts. Customers authorize payments using their bank’s biometric security; the service says funds leave accounts in real time and arrive instantly. Businesses can view and manage transaction activity in a merchant account. Payment interfaces include hosted or embedded browser pages and mobile SDKs for iOS, Android, and React Native. The Payments API v3 supports payments and payouts in the UK and EU, including merchant-account pay-ins, payments to a beneficiary, refunds, and payouts. A sandbox is available for testing without moving real money. Integration options also include Shopify and Magento plugins, plus libraries for Java, PHP, C#, and JavaScript/Node. API use requires a Console account, and most API features require a merchant account. Ecommerce plugins are available in the UK only. TrueLayer says Pay by Bank can reduce fees and card-related fraud, and that returning customers convert at up to 90%. Pricing is available on request; there is no free plan. The company lists Android, iOS, web, and API platforms.