Keyper to launch Rent Now Pay Later service in Dubai

Keyper to launch Rent Now Pay Later service in Dubai

UAE-based digital real estate investment management platform Keyper, has officially announced a Rent Now Pay Later (RNPL) service, in bid to ease the financial burden for Dubai residents.

Under this, tenants will be able to pay their annual rent in monthly installments using a credit card.

Keyper said it will make it easier for tenants to manage their finances and enjoy a seamless rental experience while earning reward points from their credit card.

Set for launch in July, RNPL will be a first-of-its-kind offering in Dubai, said the company, adding that it has built this product to meet the current needs of tenants and landlords in the region.

Under this innovative payment approach, tenants will gain financial flexibility by spreading their rent payments over 12 months instead of the current 1-to-4 checks market standard, where they pay 3-to-12 months in advance.

Monthly rent will be charged to the tenant's credit card, ensuring timely payment. Once a tenant has accepted their new monthly rent, they will go through a simple approval process and be digitally onboarded to the Tenant Dashboard.

Tenants will be able to easily track their payments, add new credit cards, and access their tenancy contract through their personalized Tenant Dashboard, it added.

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