HYKE, an app-based digital distribution platform powered by artificial intelligence, has announced the integration of digital payments into its platform.
This will allow UAE retailers to settle payments via the app without incurring any additional fees, regardless of the number of transactions conducted or the transaction value. This will allow retailers to pay HYKE directly from their business bank accounts, eliminating the need for manual intervention or delays.
“We are always looking for ways to make our app more user-friendly and efficient for our Retailers. The integration of digital payments is a natural extension of our AI-powered platform and will provide a much smoother experience for our Retailers. This feature allows retailers to log in to their business bank account and pay for their outstanding balance directly from the HYKE app. The payment will be reflected on the Credits & Payments dashboard in just a few minutes,” said Sajjad Zaidi, Product Manager at HYKE.
The one-time integration and simple in-app solution are intended to make life easier for retailers who already use HYKE to manage their payments.
This new feature is powered by HYKE’s cutting-edge platform technology, which not only makes payment reconciliation quick, easy, and secure for retailers but also reduces friction in traditional payment collection logistics.
This service complies fully with PCI Compliance and is regulated by the UAE Central Bank. Only the Retailer can make transfers, ensuring that all payments are safe and secure. HYKE is making it even easier for retailers to manage their inventory and get products to market quickly and efficiently with this latest update.
In the UAE, digital payments are becoming increasingly popular, with many businesses now accepting them to reduce costs and speed up transactions. The addition of this payment method to HYKE’s platform will make it even easier for retailers to conduct business on the platform and provide a better experience for their customers. The incorporation of digital payments into the HYKE app will significantly reduce the administrative burden on Retailers, who will no longer need to manually process payments or track credits. Retailers will also be able to make payments at any time and from any location, making the entire process more convenient.
This is a significant step forward for HYKE as it seeks to improve the experience of its retail partners and provide them with all of the tools they require to succeed in today’s digital economy. With this new feature, HYKE makes it easier than ever for retailers to conduct business on its platform, giving them yet another reason to choose HYKE as their preferred digital distribution partner.
