Spare and Rewa Partner to Let Tenants Pay Rent Directly From Their Bank Accounts

Spare, an Open Finance infrastructure provider, has announced a strategic partnership with Rewa, a UAE-based property technology platform, to modernise rental payments and accelerate the digitisation of real estate transactions across the UAE.

Through the partnership, Rewa will integrate Spare's Pay-by-bank payment solution, enabling tenants to pay rent directly from their bank accounts without cheques or manual transfers. The integration simplifies rent collection, improves payment visibility, and enables digital tracking of rental transactions throughout the payment lifecycle. Spare's solution operates within the Central Bank of the UAE's Open Finance Framework, which provides Pay-by-bank capabilities to fintech platforms and financial institutions across the country.

Dalal AlRayes, Co-founder and CEO of Spare, said, "The UAE has set a global benchmark for digital government services, ranking among the world's top countries for digital infrastructure and e-government delivery, and the real estate sector is a natural extension of that. Through our partnership with Rewa, we're helping transform the cumbersome, manual process of rental payments to a seamless experience that is more transparent and easier to manage."

Najib Khanafer, Co-Founder and CEO of Rewa, said, "Moving away from post-dated cheques isn't just a convenience upgrade, it's a structural shift in how the rental market operates, and one that sits squarely within the Central Bank of the UAE's Open Finance vision. Integrating Spare's Pay-by-bank infrastructure means tenants can pay rent digitally and instantly, while landlords gain the payment certainty and real-time visibility that cheques never provided. We're building the payment and loyalty layer that the UAE rental market has been missing."

The partnership supports the Dubai Land Department's vision for a fully digital and paperless real estate ecosystem. In 2025, Dubai recorded 1.38 million registered tenancy contracts worth a combined AED 126.4 billion, according to DLD data, underlining the scale of the opportunity to modernise how rental payments move through the sector.