UAE's Ajar proptech startup offers free online rent payment platform
The platform also permits landlords to activate rent discounts, flexible rent installments, and rent postponements
Property management and payments startup firm Ajar, which is based in the UAE and Kuwait, has made a way for tenants to do away with the “unhealthy”, “inconvenient”, and “outdated” method of rental payment via cheques at a time where the nation is implementing precautionary measures such as social distancing to curb the spread of the coronavirus outbreak (COVID-19).
According to the firm, a majority of tenants in the GCC are still dependent on cheque or cash payments for their rent.
To do away with this mode of rental payment, Ajar has provided a free-of-charge platform to make online payments accessible to all tenants at a time when governments and central banks have warned against the use pf physical modes of payments, including cash, cheques, and POS machines.
Commenting on the platform, the founder and chief executive officer of Ajar, Shaheen Al Khudhari, said: “Unlike other expenses that can be put on hold in the middle of a crisis, rent is unavoidable. Regardless of the state of the economy, residents are still expected to pay their rent to keep their homes and businesses.
“Being in the rent payments space, we felt obliged to do everything we can to provide a safe alternative for all tenants. Any tenant in Kuwait or the UAE can today sign up for Ajar and seamlessly pay their rent to their landlord online, without worrying about any credit or debit card fees.”
In addition, landlords can also sign up for free to provide a safe payment solution to their tenants and guarantee their income stream.
Ajar has also launched a number of features to help landlords support tenants who have been affected by the economic downturn. Specifically, the platform allows landlords to activate rent discounts, flexible rent installments, and limited period rent postponements.
With brick-and-mortar businesses taking a hit due to the COVID-19 outbreak, apps and digital solutions are emerging as viable alternatives.
“Ajar has recognised this opportunity and is using the current circumstances to prove the real estate industry’s need for proptech for its long-term survival,” Al Khudhari concludes.