Dubizzle backs Tern to digitise UAE rent payments

By Milan Rojan

Dubizzle Group has invested in UAE-based rental rewards platform Tern, marking a move into digital rent payments as the company expands its services beyond property listings and marketplace offerings.

The investment has paved the way for Tern’s payment platform to be integrated into Bayut and dubizzle, enabling tenants to pay rent using credit cards while earning rewards on one of their largest recurring expenses. The companies said the collaboration has been designed to provide greater flexibility for renters while streamlining payment collection across the residential property sector.

Amit Majumdar, CEO and Co-founder of Tern, said: “This partnership marks an important milestone in our mission to transform rent payments into a more rewarding and financially empowering experience. By integrating with Bayut and dubizzle, we can reach more tenants and accelerate the adoption of digital rent payments across the UAE.”

Tern has developed a platform that connects tenants, landlords, financial institutions and merchants through a rewards-based payment ecosystem. By allowing renters to earn loyalty benefits on rent payments, the platform has sought to address a gap in the market where large household expenses typically generate limited consumer rewards.

The company said its platform has already processed annualised rent payment volumes exceeding $40 million, reflecting growing demand for digital alternatives to conventional rental payment methods in the UAE.

As digital payments continue to gain traction across the region, fintech providers and property technology firms have been exploring new ways to embed financial services into everyday transactions. The investment reflects growing interest in combining payments, rewards and property services to create more seamless experiences for consumers.

The partnership has positioned both companies to support the ongoing digital transformation of the UAE’s rental market through technology-driven payment solutions.