b2b-daily
Search
Close this search box.
Search
Close this search box.
Home | FinTech | E-Commerce

How Is Visa Transforming UAE B2B Rent Payments with PayMate?

Avatar photo
by Mikhail Hamilton
March 18, 2024
Image Credit: Unsplash
How Is Visa Transforming UAE B2B Rent Payments with PayMate?

In a significant leap towards the digitization of the UAE’s real estate sector, Visa is pioneering an innovative approach to enhance B2B rent payment processes. This strategic collaboration with Merex Investment and PayMate is emblematic of Visa’s commitment to embedding digital payment solutions firmly within the fabric of business transactions, thus propelling productivity and transparency in the realm of property dealings.

Modernizing Rent Collections

Through the integration with PayMate’s robust payment platform, Visa is set to overhaul the traditional conventions associated with B2B rent payments. Tenants of Merex Investment’s renowned retail properties now have the luxury to settle their dues using commercial card payments, fundamentally streamlining the previously arduous manual reconciliation practice and revolutionizing how rent collections are managed.

Aligning with Dubai’s Digital Ambitions

Visa’s initiative is perfectly in sync with Dubai’s quest to forge a formidable digital economy. With the real estate sector at its core, the collaboration is a testament to the strides made by the Dubai Land Department and Smart Dubai in their pursuit of a digital-first approach to governance and commerce. Visa’s strategic payment expertise, coupled with PayMate’s technological prowess, is setting a new benchmark for digital transactions in the regional real estate market.

Blockchain TechnologyCryptoInformation Security

Explore more

How Does ByAllAccounts Power $1 Trillion in Wealth Data?
November 5, 2025

In an era where financial data drives critical decision-making, managing nearly $1 trillion in assets daily is no small feat for any technology provider in the wealth management industry. Imagine a vast, intricate web of financial information—spanning custodial accounts, client-held assets, and niche investment vehicles—all needing to be accessed, processed, and delivered seamlessly to wealth managers and platforms. This is

Former Exec Sues Over Religious Coercion and Gender Bias
November 5, 2025

In a striking legal battle that has captured attention across corporate and legal circles, a former executive at Omnis Global Technologies LLC has filed a lawsuit alleging a deeply hostile work environment marked by religious coercion and gender discrimination. Filed on October 30 in the Eastern District of Pennsylvania, the case centers on claims that the company owner relentlessly pressured

How Can Employers Mitigate BYOD Legal Risks?
November 5, 2025

In today’s fast-paced workplaces, picture an employee tapping away on a personal smartphone, seamlessly juggling work emails and project updates while sipping coffee at a local café. This scene embodies the promise of Bring Your Own Device (BYOD) practices, where personal gadgets double as professional tools, yet beneath this convenience lurks a potential legal storm—unpaid overtime claims, data breaches, and

Why Is AI ROI Elusive in Enterprise Implementations?
November 5, 2025

Setting the Stage for AI Investment Challenges In the bustling landscape of enterprise technology, Artificial Intelligence (AI) stands as both a beacon of potential and a source of frustration for many companies worldwide. Despite billions invested globally, a staggering number of companies report negligible returns on their AI initiatives, with industry surveys indicating that over half of implementations fail to

Proving Value in Q4: A Must for Customer Success Teams
November 5, 2025

In the high-stakes world of customer success, the fourth quarter emerges as a crucible where every effort of the year is put to the ultimate test, and the pressure to deliver undeniable proof of value becomes paramount. Picture a scenario where a year of nurturing strong customer relationships teeters on the edge as budget reviews loom large. For customer success