Ajar, a Dubai-based leading proptech platform for cloud-based property management and rent control has announced its strategic partnership with Visa where they will offer to pay rent digitally to their tenants, media reports said. In the future, the company aims to become completely paperless.
The company is also expanding its base into Saudi Arabia, Kuwait, and Bahrain. After becoming a designated Visa strategic merchant through this deal, the new collaboration is definitely going to strengthen Ajar’s mission to digitise the region’s real estate market.
This new partnership between the two will also enable real estate agencies, landlords, and property management companies that are registered on the Ajar platform to collect rent payments online. The new digital payment platform is said to be quick, secure, and efficient and it is all set to transform the rent payment process for both landlords and tenants, by replacing the old, outdated system of cash and cheques with a credit card transaction.
Mohammad Al Munaikh, CEO of Ajar, told the media, “We are thrilled to announce our new partnership with Visa. At Ajar, we aim to revolutionise the region’s property market through digitalisation, reducing losses by maximising efficiency. This new partnership enables us to harness Visa’s extensive expertise to create a safe and user-friendly platform that will forever change the way our customers manage their businesses.”
The platform is being made available across GCC and it offers a large number of benefits to landlords and tenants alike. With the help of the latest platform, payment can happen instantly. The platform also comes with a real-time payment tracker and multiple bank account capability, thereby reducing the risk of bounced cheques and reserve fees.