New app aims to simplify installment payments for small businesses – News

Urban Ledger, a digital fintech solution, aims to simplify collections and help businesses monetize their loyal customer base, leading to genuine business growth. This announcement was made at the Seamless Middle East 2024 event in partnership with Vernost, the brand’s holding group. In today’s fast-paced marketplace, digitalization is crucial for local businesses to future-proof their operations. Urban Ledger offers a versatile solution to eliminate traditional sales constraints, such as the need for multiple physical point-of-sale terminals and limited installment options. Businesses can now manage transactions seamlessly from any location using mobile devices or laptops.
Central to Urban Ledger’s offering is an advanced digital ledger system integrated with robust payment mechanisms, offering innovative embedded finance features like installment plans of up to 12 months, supported by various regional banks. This comprehensive tool simplifies payment and supplier transaction management while providing valuable insights into customer behavior, all accessible from the palm of a hand. Urban Ledger is reshaping how businesses interact with customers through scalable, efficient, and accessible financial tools.
Key features of Urban Ledger include continuous 24/7 data backup, downloadable reports, and insights for monitoring metrics like new customer additions and average collections pending per customer. The platform also enables quick generation of e-invoices, the addition of QR codes for streamlined payment collection, and meticulous tracking of all customer interactions. Co-Founder Girish Advani stated, “Urban Ledger is a gift from the UAE to the world, empowering entrepreneurs to amplify their growth with innovative solutions from over two decades of banking experience.”
Co-Founder Devanshu Verma highlighted that Urban Ledger goes beyond just payments, offering a complete solution for businesses to grow their bottom line. The platform allows businesses to track customer interactions on the go, facilitating credit facilities and payment collections at multiple touchpoints. Initially launching in the UAE, Urban Ledger plans to expand globally in the coming quarters, simplifying financial management, enhancing efficiency, and driving growth. Special packages tailored for women entrepreneurs and UAE nationals have been introduced.
Urban Ledger is a PCI DSS Level 1 compliant product registered under Verve Payment Services Provider CO. LLC, UAE, at the Dubai Economic Department. Offering a secure and reliable platform for businesses to streamline their collections and financial management processes, Urban Ledger is paving the way for businesses to thrive in a digital world. With its innovative features and commitment to customer success, Urban Ledger is poised to revolutionize how businesses interact with customers and manage their financial operations efficiently.