Introducing Visa’s Innovative Cross-Border Account Funding Solution in Partnership with Checkout.com and Stake in GCC
Visa, Checkout.com, and Stake Partner to Revolutionize Real Estate Investment in the UAE
In a groundbreaking partnership, Visa, a global leader in digital payments, has teamed up with Checkout.com and Stake, MENA’s top digital real estate investment platform, to introduce an innovative cross-border account funding solution. This collaboration marks the first-of-its-kind in the GCC region, utilizing Visa Direct’s cross-border Account Funding Solution to enable consumers to seamlessly upload funds to their Stake accounts for investing in prime rental properties in the UAE.
This cutting-edge solution simplifies the complex global digital payment landscape, allowing for convenient investments from anywhere in the world, 365 days a year. By leveraging this technology, the partnership creates a new digital investment opportunity for both regional and international investors, democratizing access to the vibrant UAE real estate market.
Salima Gutieva, Visa’s VP and Country Manager for UAE, emphasized the importance of enabling individuals and businesses to move money domestically and globally. She noted that this partnership will make investments in the UAE’s real estate sector easier, quicker, and more secure than ever before.
Remo Giovanni Abbondandolo, General Manager at Checkout.com MENA, highlighted the company’s commitment to enhancing acceptance rates and performance for merchants. He expressed enthusiasm about extending this innovative cross-border solution to Stake, empowering them to streamline payments efficiently and cost-effectively.
Manar Mahmassani, Co-founder and co-CEO of Stake, emphasized the company’s dedication to making real estate investing accessible to everyone, regardless of their location. Through the partnership with Visa and Checkout.com, Stake aims to bring a first-of-its-kind innovation to the MENA region, connecting more people to invest in this thriving market.
Amidst the UAE’s growing economy, the real estate market is experiencing significant growth, with prime property valuations showing a substantial increase. The unique partnership between Visa, Checkout.com, and Stake redefines the real estate landscape by driving innovation and accelerating new payment solutions.
This collaboration represents a significant milestone in the digital payments industry, opening up new opportunities for investors and revolutionizing real estate investment in the UAE. With Visa Direct’s extensive money movement network and the expertise of Checkout.com and Stake, this partnership is set to transform the way investments are made in the region.
