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Direct Debit

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Direct Debit Marketplace: a paperless recurring-payments platform (web and iOS/Android apps) where merchants collect rent, school fees and subscriptions through UAE PASS-signed direct-debit mandates on the Central Bank's UAEDDS scheme

Dubai, UAEFounded 2017
Fintech

Direct Debit System runs a bank-agnostic marketplace where UAE merchants and landlords set up recurring direct-debit collections, and payers sign mandates digitally with UAE PASS instead of post-dated cheques. It works under a sponsor bank's licence for the UAE Central Bank's UAEDDS scheme and says over 50,000 tenants use it. In December 2024 it bought UK-regulated BACS software provider ElseWare Ltd as the first step of expanding abroad.

Founders

Ummair Butt

Founder & CEO

Imdad Sarwar

Chief Technical Officer

Vivek Harikrishnan

Head of Product and COO

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