Latest news with #Debit
Mid East Info
22-07-2025
- Business
- Mid East Info
Beehive and Direct Debit System partnership fuels $1 Bbillion in digital SME funding - Middle East Business News and Information
Financing milestone marks one year of collaboration between the two platforms Direct Debit System (DDS), the fintech platform for automated collections, licensed by UAE Central Bank, is celebrating its one-year partnership with Beehive, the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA. The milestone comes as Beehive surpasses USD 1 billion in SME financing across the GCC. The year of collaboration has enabled Beehive to execute collections and repayments in a paperless, secure, and instantly reconcilable environment, by replacing legacy cheque-based processes with DDS's fully digital direct debit solution, powered by UAE PASS. 'Reaching the USD 1 billion milestone is a testament to Beehive's commitment to fueling SME growth in this country,' said Vivek Harikrishnan, Head of Product & COO at DDS. 'Our direct debit integration eliminates the delays and risks inherent in manual cheque handling, meaning no more lost cheques, no more uncertainty over collection timing or signature mismatch. Beehive's finance team now enjoys end-to-end visibility, IBAN validation, the ability to postpone and retry collections digitally, automated notifications, and same-day reconciliation, so they can focus entirely on supporting SMEs in the UAE to scale their business.' Since integrating DDS's API-driven direct debit technology, Beehive has achieved a number of milestones to streamline processes. The platform has gone paperless, meaning the entire loan disbursement and repayment cycles are now handled electronically, cutting out physical paperwork and courier delays. Operational hassle has been reduced with automated mandate management and UAE PASS authorization, removing the need for manual signature hunting, drastically lowering back-office overheads. The reconciliation process has also been accelerated, with real-time transaction reporting and instant settlement data shortening reconciliation times from days to hours. Reflecting on the collaboration, Jason Stewart, Head of Partnerships and Products at Beehive, stated, 'At Beehive, we've always believed that SME finance should be fast, secure, and frictionless. Our partnership with DDS has allowed us to digitize and streamline a core part of that journey, collections and repayments.' ———- About Direct Debit System Direct Debit System is the UAE's first Central Bank–licensed platform offering digital, paperless direct-debit collections from bank accounts and credit cards. The solution automates recurring payments for school fees, rents, memberships, loan repayments and more—replacing cheques, unnecessary credit card charges and manual follow-ups with secure and bank -bank direct settlement process that simplify cash-flow management for businesses of all sizes. The Direct Debit solution is now widely used by education institutions, real estate firms, service industries as well as most of the leading alternative lending platforms. Find out more at About Beehive Founded in 2014, Beehive is the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA. Headquartered in Dubai, Beehive connects businesses seeking finance with investors willing to support their growth, offering a faster, more affordable funding option for SMEs. Through technology and a commitment to supporting regional businesses, Beehive has become a trusted partner for SMEs across the GCC. Learn more at
Daily Record
03-07-2025
- Automotive
- Daily Record
DVLA warns drivers to make 'quick and easy' change now
The DVLA has issued a warning to drivers this week, asking them to make one simple change if they've moved house recently to avoid major problems further down the line The Driver and Vehicle Licensing Agency (DVLA) has issued a warning to motorists, urging them to make a crucial update to prevent future complications. The motoring authority advises that if you've moved house, it's essential to update your address details promptly. They cautioned: "If you've changed address, update your driving licence details and vehicle log book with DVLA online." Highlighting the simplicity of the process, they encourage individuals to visit their website here to carry out the updates. However, there's no need to worry about being unable to drive while waiting for your new documents as they confirm you're still permitted to do so, adding: "You must update your driving licence, vehicle log book (V5C), Direct Debit for vehicle tax and other details when you move home." They also clarify: "You do not need to tell us if you move temporarily (for example you're living away at university) if we can still contact you at your permanent address." You may need to change these 5 things After moving, it's important to take action on these updates as soon as possible. This includes changing your: Driving licence Vehicle log book (V5C) Direct Debit Personalised number plate documents Trailer registration certificate How can I renew my driving licence UK and how much does it cost? Whether you need to renew your full or provisional driving licence, the fee is £14 when applying online. Bear in mind, it's necessary to renew a photocard licence every 10 years. However, if you're worried about forgetting, don't worry as you'll receive a reminder before your current licence expires. To renew your licence, you must: be a resident of Great Britain (there's a different service in Northern Ireland not be disqualified from driving You'll need to apply for your first provisional licence if: you've never applied for a provisional licence before you applied for a provisional licence before March 1, 1973 Your new licence should arrive within a week of submitting your application. While there is a £14 charge, the DVLA reminds drivers that there's no fee if you're over 70 or have a medical short period licence.
Scotsman
01-07-2025
- Sport
- Scotsman
Free Soft Play Membership Returns with Under 5s Summer Coaching Promotion
Edinburgh Leisure is once again launching its popular Under 5s summer promotion to help families get a head start on the new school year while enjoying added value through free access to soft play facilities. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... From 2 July to 27 July 2025, any customer who joins the Under 5s coaching programme will receive one month of free Soft Play membership at any of Edinburgh Leisure's three soft play venues, valid from 1 to 31 August 2025. Existing Soft Play members who enrol in the coaching programme during this period will have their August Direct Debit payment waived. The offer applies to all Under 5s coaching classes, subject to availability, including: Advertisement Hide Ad Advertisement Hide Ad •Swimming: Swim Baby, Swim Toddler, Swim Nippers, Swim Pre-School, Jump and Dive Under 5s taster sessions available at Edinburgh Leisure •Tennis: Tennis Tots •Football: Kick Starters, Mini-Kickers •Athletics: Athletics Pre-School •Gymnastics: Gym and Jump, Gym Nippers, Baby Nippers •Multi-sport & Dance: Jump into Sport, Basketball Junior Ballers, Ballet Pre-School To take advantage of the offer, customers simply need to sign up online for one of the qualifying classes. An upfront payment will be taken for the remainder of August, with the first Direct Debit collected in September. Edinburgh Leisure has three soft play venues across the city at Tumbles at Portobello – which has recently undergone an exciting refurbishment, Clambers at the Royal Commonwealth Pool and Scrambles at Edinburgh's International Climbing Arena. With designated baby, toddler, and junior zones, each soft play ensures fun and adventure for kids and a café for tasty treats and snacks for the adults and children. Advertisement Hide Ad Advertisement Hide Ad Eligible customers will automatically receive their free Soft Play membership and will be notified via text message on 31 July. Soft Play cards can be collected on the first visit to Clambers, Tumbles, or Scrambles Soft Plays. Terms and conditions apply and customers who have left the coaching programme after 31 May 2025 are not eligible for this promotion. Due to limited availability in classes for entry stages in the Junior programme, this soft play offer is only available for Under 5s. For more information or to book a class, visit:
Filipino Times
26-06-2025
- Filipino Times
Fly home for free with ADCB, dnata, and Philippine Airlines this Dubai Summer Surprises!
As part of this year's Dubai Summer Surprises, ADCB, dnata Travel, and Philippine Airlines have launched a special promotion offering travelers the chance to win a free round-trip ticket to the Philippines. Running from June 2 to July 31, 2025, the 'Next Flight Home, On Us' campaign invites Dubai-based customers to book any Philippine Airlines flight from Dubai to the Philippines through any dnata Travel outlet and pay using their ADCB Debit or Credit Card. Every booking made during the promo period gives customers a chance to receive a complimentary round-trip ticket to the Philippines. Whether you're planning a tropical getaway or heading home to reunite with family, this offer makes your summer travel even more rewarding. Bookings and inquiries can be made at any dnata Travel outlet across the UAE. Interested customers may also contact their nearest dnata Travel agency for full promo details. Terms and conditions apply. Promo runs until July 31, 2025. Let the Philippines call you home — and this time, your flight might just be on the house.
Scottish Sun
25-06-2025
- Business
- Scottish Sun
Huge boost for EVERY energy customer next week as bills drop by £129 offering relief for millions of households
Keep scrolling to find out more about the upcoming change good energy Huge boost for EVERY energy customer next week as bills drop by £129 offering relief for millions of households A HUGE £129 boost is set to offer relief for millions of energy customers next week. A typical household's annual gas and electricity bill cost will be reducing by £129 - for a dual-fuel household. 3 A big £129 boost is coming for energy customers next week Credit: Getty 3 Customers have been given a warning ahead of July 1 price changes Credit: Getty What's happening? This will see customers from every energy firm - such as British Gas, Octopus, OVO, and EDF - receive the boost. Energy regulator Ofgem announced prices for households on standard variable tariffs will be reduced by 7% on July 1. The price will drop from £1,849 to £1,720 - making for a reduction of £129. Furthermore, from Tuesday, the unit rates will be decreased for both gas and electricity - in addition to the standing charges. It will see electricity cost 25.73p per unit, having been reduced from 27.03p. Meanwhile, the standing charge will decrease from 53.80p per day to 51.37p. As for gas, the unit rates will have slight reductions with 6.99p to 6.33p, as well as standing charges decreasing from 32.67p to 29.82p. In its announcement, Ofgem said: "Between 1 July and 30 September 2025, the energy price cap is set at £1,720 per year for a typical household who use electricity and gas and pay by Direct Debit. "This is a decrease of 7% compared to the cap set between 1 April to 30 June 2025 (£1,849). 'The price cap also makes sure that prices for people on a standard variable tariff (default tariff) are fair and that they reflect the cost of energy." Stop Making This Air Conditioning Mistake: How to Slash Your Summer Energy Bill Am I covered by this? Customers are covered by the price cap if they pay for electricity and gas by either Direct Debit, prepayment meter, standard credit or Economy 7 (E7) meter. For people not on a fixed deal, their prices will be changing from 0.01am on Tuesday. Previous warning Millions of energy customers were warned to make an essential bill check ahead of the price cap change. Households on standard variable tariffs without a smart meter should make it a priority to submit their electricity and gas meter readings to their supplier as close to July 1 as possible. This ensures they are billed accurately at the new, lower rates. Failing to submit readings could mean some of your usage after this date is charged at the previous, higher rates. 4 ways to keep your energy bills low Laura Court-Jones, Small Business Editor at Bionic shared her tips. 1. Turn your heating down by one degree You probably won't even notice this tiny temperature difference, but what you will notice is a saving on your energy bills as a result. Just taking your thermostat down a notch is a quick way to start saving fast. This one small action only takes seconds to carry out and could potentially slash your heating bills by £171.70. 2. Switch appliances and lights off It sounds simple, but fully turning off appliances and lights that are not in use can reduce your energy bills, especially in winter. Turning off lights and appliances when they are not in use, can save you up to £20 a year on your energy bills 3. Install a smart meter Smart meters are a great way to keep control over your energy use, largely because they allow you to see where and when your gas and electricity is being used. 4. Consider switching energy supplier No matter how happy you are with your current energy supplier, they may not be providing you with the best deals, especially if you've let a fixed-rate contract expire without arranging a new one. If you haven't browsed any alternative tariffs lately, then you may not be aware that there are better options out there. Suppliers who have not received meter readings rely on estimated usage, which could lead to households being overcharged. However, even if you take your meter readings near July 1, you don't need to submit them immediately. Many suppliers allow extra time for customers to provide their readings. Some offer a few days after the price cap changes to submit backdated readings, while others may allow up to a week or more.
