{"id":75574,"date":"2025-03-13T14:19:46","date_gmt":"2025-03-13T12:19:46","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=75574"},"modified":"2025-03-13T14:19:47","modified_gmt":"2025-03-13T12:19:47","slug":"revolutionizing-rent-tern-rewards-unveils-the-uaes-first-digital-rental-payment-and-rewards-platform","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2025\/03\/13\/revolutionizing-rent-tern-rewards-unveils-the-uaes-first-digital-rental-payment-and-rewards-platform\/","title":{"rendered":"Revolutionizing rent: Tern Rewards unveils the UAE\u2019s first digital rental payment and rewards platform"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Tenants can now pay for rent using their credit card, earn loyalty points and get rewarded for their biggest annual expense<\/mark><\/strong><\/em><\/li>\n\n\n\n<li><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Landlords\/ Property Managers can manage their portfolios more seamlessly and get paid on time<\/mark><\/strong><\/em><\/li>\n\n\n\n<li><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Tern Rewards is completely free to use (no credit card charges or reward fees for either tenant or landlords\/ property managers)<\/mark><\/strong><\/em><\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><em>Tern Rewards is backed by <\/em>leading FinTech investors, including VentureSouq (VSQ)\u2014a MENA-based VC fund, and BYLD<\/mark><\/strong><\/li>\n\n\n\n<li><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Incubated under REES program of Dubai Land Department as both entities are aligned in their mission of digitizing services and payments for seamless customer experience<\/mark><\/strong><\/em><\/li>\n<\/ul>\n\n\n\n<p>In a game-changing development for the UAE\u2019s real estate market, Tern Rewards has launched an innovative digital rental payment and rewards platform that allows tenants to pay their rent seamlessly via credit card while earning double the rewards. By merging financial flexibility with cutting-edge technology, the platform redefines how tenants and landlords interact, offering a hassle-free, smarter, and more rewarding approach to rent payments.<\/p>\n\n\n\n<p>The free to use rental payment platform allows tenants to pay their rent via credit card and in return earning both their credit card points and Tern points that can be redeemed at a diverse group of leading merchants. These merchants include Amazon, Noon, iTunes, Netflix, Centrepoint, VOX Cinemas, du, Etisalat, Carrefour, and Yas Waterworld amongst many more leading brands.<\/p>\n\n\n\n<p>Beyond rewarding tenants, the&nbsp;Tern&nbsp;Rewards platform empowers landlords with a seamless, cost-free tool to efficiently monitor and manage their portfolios. By bridging innovation and convenience, Tern is revolutionizing the rental landscape\u2014making renting more rewarding for everyone.<\/p>\n\n\n\n<p>The innovative platform, which falls under DLD\u2019s Real Estate Evolution Space Initiative (REES), has successfully closed its pre-seed funding round, securing $1.5 million, and has already onboarded a group of major landlords into the Tern Alliance, an exclusive network that is currently accepting applications from all landlords and property managers (even individual landlords).<\/p>\n\n\n\n<p><strong>Said Al Sayyed, Co-Founder:<\/strong> \u201cRent and the way we pay it hasn\u2019t changed in decades. At Tern, we are redefining the rental experience by turning the largest single expense into rewarding opportunities. This model has been successful in other markets and its definitely the future of renting everywhere. It\u2019s no surprise that we have seen massive momentum from partners and landlords\/ property managers since launch and estimate to take over the majority of rent payments in UAE in the next few years\u201d<\/p>\n\n\n\n<p><strong>Mohammad Shaitou Co-Founder:<\/strong> \u201cThe shift to digital rental payments perfectly aligns with the UAE\u2019s strategic vision to advance modern payment solutions and drive digital innovation across key sectors. It also supports the UAE Digital Government Strategy, which seeks to integrate digital transformation across all government initiatives, fostering a seamless, tech-driven ecosystem.\u201d<\/p>\n\n\n\n<p>Tern Rewards secured investment from highly strategic industry leaders, chief executives of real estate companies and property management companies, leveraging from their expertise and deep-rooted experience in the real estate and leasing sectors. This not only strengthens confidence in the Tern Rewards platform but also accelerates our vision of revolutionising rental payments through digital innovation and strategic partnerships.<\/p>\n\n\n\n<p>Tern Rewards is venture backed by leading FinTech investors, including VentureSouq (VSQ)\u2014a MENA-based venture capital fund manager with a global portfolio\u2014and BYLD, an institutional venture capital firm specialising in early-stage technology investments across the Middle East and Africa.<\/p>\n\n\n\n<p>For those interested in discovering how Tern is revolutionising the rental payment experience and unlocking new benefits for both tenants and landlords, visit <a href=\"https:\/\/ternrewards.com\/contact-us\">Tern Rewards<\/a> to learn more at <a href=\"https:\/\/ternrewards.com\">https:\/\/ternrewards.com<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tenants can now pay for rent using their credit card, earn loyalty points and get rewarded for their biggest annual expense Landlords\/ Property Managers can manage their portfolios more seamlessly and get paid on time Tern Rewards is completely free to use (no credit card charges or reward fees for either tenant or landlords\/ property &hellip;<\/p>\n","protected":false},"author":2,"featured_media":75575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1925],"class_list":["post-75574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-rental-payment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - 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