Financing milestone marks one year of collaboration between the two platforms
July 21,2025 , Dubai, UAE: Direct Debit System (DDS), the fintech platform for automated collections, licensed by the UAE Central Bank,is celebrating its one-year partnership with Beehive, the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA.
Vivek Harikrishnan, Head of Product & COO at Direct Debit System and Jason Stewart, Head of Partnerships and Products at Beehive
The milestone comes as Beehive surpasses USD 1 billion in SME financing across the GCC. The year of collaboration has enabled Beehive to execute collections and repayments in a paperless, secure, and instantly reconcilable environment, by replacing legacy cheque-based processes with DDS’s fully digital direct debit solution, powered by UAE PASS.
Direct Debit System is the UAE’s first Central Bank–licensed platform offering digital, paperless direct-debit collections from bank accounts and credit cards
UAE News 24/7 