Checkout.com to Process Payments for Dubai Proptech PRYPCO
PRYPCO's acceptance rates rose 20% after the July integration, which covers PRYPCO Mint and the PRYPCO Blocks platform.
Checkout.com is now processing payments for PRYPCO, a Dubai-based platform for real estate investment and ownership.
Acceptance rates at PRYPCO climbed 20% after the integration went live in July, according to the companies.
The agreement covers payment processing for PRYPCO Mint, which represents property ownership as digital tokens on a blockchain. Checkout.com's acquiring and processing technology has been built into PRYPCO Blocks, the fractional property investment platform. The setup is designed to carry higher transaction volumes and to hold up during the demand spikes that follow new property launches.
PRYPCO chose the processor for its direct acquiring capabilities. Its customers move high-value sums daily, and those payments need speed and security. Network tokenisation is part of the arrangement: card details are swapped for unique digital identifiers, which is meant to protect customer data and reduce false declines, or legitimate payments that get rejected in error. Through Checkout.com's global payouts service, customers get near-instant access when they fund or withdraw from their accounts.
Essa Ibrahim, co-founder and president of PRYPCO, said the partnership lets the company absorb payment peaks with fast, secure processing and a smoother investing experience.
Remo Giovanni Abbondandolo, general manager for MENA at Checkout.com, said the company is committed to working with partners across sectors to strengthen digital payments in the region.
PRYPCO's wider business includes digital mortgages, gold investment, Golden Visa services and will services in the UAE. The company says it has facilitated more than AED20 billion in real estate transactions and served over 110,000 customers.
For a platform selling fractions of property, a rejected payment is not a missed impulse buy. Tickets are large and often timed to a launch, so the 20% acceptance gain converts into completed purchases rather than abandoned ones. It also gives Checkout.com a foothold in a market where property is increasingly sold in slices.
