Visa, Checkout.com and Stake launch innovative cross-border funding solution for real estate investment in UAE

Dubai, UAE – Visa, a global leader in digital payments, has joined forces with Checkout.com and Stake, MENA’s premier digital real estate investment platform, to unveil a pioneering cross-border account funding solution in the GCC region. This innovative partnership leverages Visa Direct cross-border Account Funding Solution, enabling investors to effortlessly deposit funds into their Stake accounts for investing in prime rental properties in the UAE.

The cutting-edge solution promises to simplify the intricate global digital payment landscape, ensuring seamless and convenient investments from any corner of the world, round-the-clock, 365 days a year. It opens up a new avenue for both regional and international investors to participate in the vibrant UAE real estate market, promoting the democratization of real estate investment.

Salima Gutieva, Visa’s VP and Country Manager for UAE, emphasized Visa’s commitment to facilitating global money movement and highlighted the significance of this partnership in streamlining real estate transactions.

Remo Giovanni Abbondandolo, General Manager at Checkout.com MENA, echoed the sentiment, underlining Checkout.com’s dedication to enhancing merchant acceptance rates and performance, thereby minimizing costs.

Manar Mahmassani, Co-founder and co-CEO of Stake, expressed enthusiasm about the partnership, highlighting its role in making real estate investing borderless and accessible to all.

Against the backdrop of the UAE’s burgeoning economy, the real estate market has witnessed remarkable growth, as indicated by ValuStrat’s report on soaring capital gains and property valuations in the third quarter of 2023.

Visa Direct, with its extensive industry expertise spanning over six decades, serves as the backbone of this initiative, facilitating fast and secure payments across 190+ markets worldwide.

The collaboration between Visa, Checkout.com, and Stake marks a significant milestone in redefining the real estate landscape, ushering in innovation and accelerating the adoption of new payment solutions.