This, in turn, will allow UAE retailers to settle payments through the app without any additional costs, regardless of the number of transactions made or the value of each one.
This will also allow retailers to pay directly to Hayek using their business bank accounts, without the need for manual intervention or delays.
Seamless integration and easy-to-use application solutions are designed to make the experience easier for retailers who already use Hike to manage their payments.
This new feature is powered by Hike's latest platform technology, not only to make payment settlement fast, easy and secure for retailers, but also reduces friction in traditional payment collection logistics.
This feature also allows retailers to log into their business bank accounts and pay their outstanding balance directly through the Hayk app.
The payment information will be reflected on the credit and payments dashboard within a few minutes of completing the transaction.”
This service is fully compliant with the payment card industry compliance requirements and is regulated by the Central Bank of the UAE.
No one can make a transfer except for the retailer itself, ensuring that all payments are safe and secure.
With this latest update, Hayek makes it easier for retailers to manage their inventory and get products to market quickly and efficiently.
Digital payments are becoming increasingly popular in the UAE, with many businesses now accepting them as a way to cut costs and speed up transactions.
Hayek's integration of this payment method will make it easier for retailers to do business on the platform and provide a better experience for their customers.
The integration of digital payments into the Hayk app will also significantly reduce the administrative burden on retailers, who will no longer need to process payments manually or keep track of credits.
It will also allow retailers to make payments at any time and from anywhere, making the whole process more convenient.
This is an important development for Hayek, as the company looks to further improve the experience of its retail partners and provide them with all the tools they need to succeed in today's digital economy.
With this new feature, Hyke makes it easier than ever for retailers to do business on its platform and provides them with yet another incentive to choose Hyke as their digital distribution partner.