Tag Archives: Direct Debit System

Business & Investments

Beehive and Direct Debit System partnership fuels $1 billion in digital SME funding

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

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Business & Investments

120,000 Lease contracts set to benefit from Direct Debit System and HappyTenant collaboration to ease financial burden for renters

Fintech and proptech firm sign partnership to enable monthly digital rent payment

February 26,2025 , Dubai, UAE: The UAE’s first paperless direct debit marketplace, Direct Debit System has signed a partnership agreement with the country’s largest property management solution, HappyTenant, to help ease monthly budgeting for property renters across the Emirates. The collaboration will enable HappyTenant’s 120,000-plus tenants to pay their rent in 12 direct debit instalments, eliminating the financial burden and the handling inefficiencies of traditional post-dated cheques.  

Joe Moufarrej, CEO, HappyTenant &
Ummair Butt, Founder and CEO, Direct Debit System

United in the shared vision to transform the tenant experience, the partners will embed the monthly payment system into the existing HappyTenant platform, which already offers over 100 features to deliver a complete end-to-end solution for property management. With a portfolio of prominent reals estate clients such as Savills and Allsopp & Allsopp, the new digital payment feature has the potential to streamline transactions and reduce operational fees for thousands of renters and landlords. The integrated process will see rent deducted from tenants’ bank accounts automatically each month, under pre-arranged terms.

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Technologies

Direct Debit System joins forces with zenda to simplify school fee payments

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Collaboration to improve collection efficiency and provide pay-monthly option for parents

April 02,2024 : Dubai, UAE: The UAE’s first paperless direct debit marketplace, Direct Debit System, has partnered with fellow fintech start-up, zenda, to simplify the payment of tuition and education-related services through an automated, digitised process. The collaboration will improve the efficiency of payment collection for education institutions, while offering parents the flexibility to pay fees on a monthly basis.

Raman Thiagarajan, Co-Founder, zenda and Ummair Butt, Founder and CEO, Direct Debit System partner to simplify school fee payments 

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