Direct Debit System, the UAE’s first paperless direct debit marketplace, has partnered with HappyTenant, the country’s leading property management system, to aid property renters across the country with their monthly budgeting.
The agreement will allow HappyTenant’s 120,000+ renters to pay their rent in 12 direct debit instalments, removing the financial hardship and inefficiencies associated with traditional post-dated cheques. The partners, united in their shared objective of transforming the tenant experience, will integrate the monthly payment method into the existing HappyTenant platform, which already includes over 100 features to provide a complete end-to-end property management solution.
With a portfolio of well-known real estate clients including Savills and Allsopp & Allsopp, the new digital payment tool has the potential to simplify transactions and save operational costs for thousands of renters and landlords.
The integrated process would automatically deduct rent from tenants’ bank accounts on a monthly basis, according to predetermined terms. The new agreement is the latest in a series of collaborations formed by Direct Debit System to encourage the use of digital payment solutions for recurring payments. Ummair Butt, the company’s founder and CEO, stated, “Our primary goal is to reduce the budgeting burden for monthly salaried individuals and families in the UAE.” By offering the option to pay for big bills like rent and school fees.
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