Reduced operational costs
Better control of cash flow
No late payments
Simple and easy-to-use direct debit management system
Advanced portal with dashboard and analytics for real-time fund tracking
The introduction of the Direct Debit System (UAEDDS) is capable of increasing transparency, eliminating paperwork, nearly reducing cheques and saving time as well as enhancing the operational efficiency of the banking sector in serving the retail customers in the UAE. Unity’s Direct Debit System is a safe and convenient system for making payments and is preferably suited for recurring payments with fixed or variable amounts like loan repayments, utility bills, and insurance subscriptions. The direct debit payment system which has been functional in developed counties is not a new system for UAE. Direct Debit System or UAEDDS is a direct debit payment system for banks that is an automated monthly payment solution. This direct debit system has been used by people all around the world for transactions such as payment of utility bills, school fees, loan repayments, and more.
Regulated by the UAE Central Bank, the UAEDDS or Direct Debit payment systems lets the banks and merchants provide customers with a convenient method of payments and purchases. Unity’s DDS or Direct Debit System is the way to manage your regular payments.
Direct Debit payment System or UAEDDS is the solution to the challenge caused by post-dated cheques. issuing post-dated cheques for rent is still usual in UAE, which is considered outdated. Permitting renters, especially people who are new to the country, to pay monthly rentals makes more costly properties more exclusive. A new expat who is being a monthly payer would not have enough funds to pay an advance payment towards four months’ rent.
Moreover, school fees, debts, property service charges, car loans, insurance subscriptions, and many other recurring expenses we either pay on time or use cheques for, can be handled by direct debit payment systems. With DDS, it is even possible to manage current monthly payments like fuel bills and gym subscriptions all from a single convenient platform. It’s simple for the customers, and the Direct Debit System (UAEDDS) has made it way more simpler for the banks where they no longer require to process several cheques per month! It is also overbearing to shift to monthly invoicing for VAT chargeable items like Service Charges. Unity’s Direct Debit payment system is a perfect online direct debit system for monthly payment collection.
Direct Debit Payment systems are commonly used all across the globe and have been operational since the last century. DDS Pro is a direct debit system that is a simple, safe and fully automated system. Only a one-time setup is needed for a direct debit payment system. It is also convenient as the customers avoid waiting in queues at banks, exchange houses, cash deposit machines and or walking in a post office to make the card transactions.