Deposits on paper
For the client, a UAE property management company, security deposits meant manual bank transfers, paper receipts and slow refunds. It wanted to collect, hold and refund deposits digitally in AED (UAE Dirham), with every transaction tracked and local regulations met.
Testing the idea on Rapyd
We built a proof of concept on the Rapyd payment API covering the whole deposit lifecycle: collection from tenants, secure holding and automated refunds, all through Rapyd’s payment infrastructure, with a transaction audit trail. The end-to-end flow was validated risk-free against Rapyd’s sandbox ahead of production development.
What the proof of concept showed
Security deposits can be handled digitally from end to end. The platform removes the manual bank transfer steps and gives tenants and landlords deposit records they can track.