NEWS: Changes to cross border payments give overseas UAE investors a boost

The process had previously been bogged down by the complexities associated with cross border transactions.

Life just got a whole lot easier for overseas UAE real estate investors thanks to an international payment innovation from three top finance companies.

News recently out that Visa has partnered with Checkout.com and MENA digital real estate investment platform Stake to introduce seamless cross border payment solutions that will significantly improve accessibility and efficiency for those eyeing property ventures in the Emirates.

Leveraging the Visa Direct cross-border Account Funding Solution, consumers can now effortlessly upload funds to their Stake accounts for investing in prime rental properties in the UAE.

Talking to the local media, Salima Gutieva, Visa’s VP and Country Manager for UAE, said: “With this innovative digital payment capability, investments in the UAE’s thriving real estate sector from anywhere in the world will now be easier, quicker, and more secure than before.”

Traditionally, the process had been made challenging by complexities and inefficiencies associated with cross border transactions. However, these new solutions mean the barriers are rapidly fading away and the UAE is experiencing a surge in global interest.

Beyond transactional efficiency, this innovation encourages greater collaboration and connectivity between global investors and the UAE real estate market.

It also raises the UAE's status as a leading global investment destination and will reshape the way investors engage with the market, say analysts.

Sources:
valustrat.com
arabianbusiness.com