HYKE Integrates Digital Payments In Its AI Digital Distribution Platform

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HYKE, the app-based digital distribution platform that uses AI to power its operations, has announced the integration of digital payments into its platform.

This will allow retailers in the UAE to settle payments through the app with no additional costs, regardless of the number of transactions conducted or the transaction value. This will allow retailers to directly pay HYKE using their Business Bank Accounts, without the need for manual intervention or delays.

The seamless one-time integration and easy-to-use in-app solution is designed to make life easier for retailers who are already using HYKE to manage their Payments.

This new feature is powered by HYKE’s platform technology with not only makes payment reconciliated fast, easy, and secure for the retailers, but also reduces the friction in the traditional payment collection logistics.

“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.

This service is fully compliant with PCI Compliance and regulated by the Central Bank of the UAE. No one can make any transfer except the Retailer himself, ensuring that all payments are safe and secure. With this latest update, HYKE is making it even easier for retailers to manage their inventory and get products to market quickly and efficiently.