Stake Introduces Real-Time Card Withdrawals via Checkout.com
The service enables investors to receive their dividends and returns directly to their bank cards, often within minutes.
The launch follows a pilot phase in May involving over 200 investors.
Several users reported receiving funds in under ten minutes, in contrast to the typical multi-day withdrawal process.
'Speed and trust are core to everything we do at Stake. With Pay to Card, we're eliminating unnecessary delays and putting returns in our investors' hands almost instantly,'
said Ricardo Brizido, CPTO and Co-Founder of Stake.
'This feature was built to directly solve one of the most common pain points in real estate investing, and it's already driving strong results.'
The rollout coincides with growing digital finance adoption across the MENA region.
Checkout.com's recent report, The State of Digital Commerce in MENA 2025, notes that Account Funding Transactions (AFTs), which enable services like Pay to Card, have risen 388% year-on-year in the UAE.
The report also found a 176% increase in total processing volume in the country from 2023 to 2024, and a 320% increase in daily online shopping activity since 2020.
As of June 2025, Stake has facilitated over AED 1 billion in property transactions since its inception in 2021, with the company focused on expanding access to real estate investment across key markets.
'Stake has always been ahead of the curve in delivering customer-first financial experiences,'
said Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com.
'Together, we're meeting the expectations of a region that's no longer just digital-first, but real-time-first. Pay to Card is a perfect example of infrastructure innovation solving real user needs.'
Pay to Card is now available to Stake investors in the UAE, Saudi Arabia, and the UK.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Filipino Times
an hour ago
- Filipino Times
Fly with PAL, Shop & Save with Brands For Less!
Philippine Airlines passengers in UAE get an exclusive AED 30 OFF at Brands For Less stores! 🗓️ Promo Period: July 5 – Sep 5, 2025 🛒 How to Redeem: Spend AED 200+ in-store & show your Original PAL boarding pass (within 30 days of travel) + valid ID. 🎁 Get instant AED 30 discount — one-time use per customer. 📍Available at all BFL stores across the UAE. 🚫 Not valid online or with other promos. Hurry—limited redemptions only! Terms and Conditions Apply. Related Articles
The National
5 hours ago
- The National
Money & Me: ‘My goal is not having to check the price of things I want to buy'
Karen Kriska, a Filipina in Dubai, is a cryptocurrency enthusiast who has allocated half her investment portfolio to digital tokens. She has accumulated most of her wealth over the years through investing in cryptos, particularly Shiba Inu. She considers her crypto coins to be generational wealth for her son. 'I learnt all about Bitcoin, wallets, decentralised finance and blockchain from YouTube,' Ms Kriska, 38, says. 'I initially invested $86 to buy 540 million Shiba Inu coins in February 2021. Before it hit an all-time high, I sold $50,000 worth of these coins between May and October 2021 and re-invested in other coins and play-to-earn tokens to grow my portfolio." She still holds 577 million Shiba Inu coins, which are now valued at $6,400, and stakes it in crypto exchange Bybit to earn rewards while holding. "I am holding it as a reminder that without this coin, I would never have achieved the financial freedom I have now," Ms Kriska says. Ms Kriska currently works as chief of staff for a holding company called Coinvesting Holding in Dubai. The company's subsidiaries include Digital Asset Business Centre, a digital assets consultancy in Dubai Multi Commodities Centre; Reit Development, which is building the Crypto Tower in JLT, and Web3 Productions, which produces content related to blockchain. Ms Kriska has been in the UAE for the past 11 years and currently stays with her 16-year-old son in a villa in Dubai's Al Barsha 3 area. Her other investments include a call centre in the Philippines. 'I came to the UAE in 2014 in search of new challenges after I heard that Dubai is hosting Expo 2020,' she says. Ms Kriska holds a bachelor's degree in computer science from the Philippines. Did wealth feature in your childhood? What did you learn from it? Money was not a problem in my childhood since I came from a family of businesspeople. When I was a kid, I learnt that money is freedom. It's not being able to buy luxuries for the sake of it, but about the choices you can make. Money offers me the freedom to say 'no' to things that don't align with me and 'yes' to things that do. Money gives me the power to take care of my family. I brought my son to Dubai in 2022 because I earned enough for him to live with me. How did you first earn? My first job was as a technical support representative for Dell Computers in 2007 and I earned around Dh1,000 per month equivalent in Philippine pesos. I earned my first 1 million pesos a year after I graduated from college when I started my home-based call centre. Any early financial jolts? I used to have a daycare centre in the Philippines, which I had to sell in 2016 to finance some business endeavours I was planning in Dubai. However, these ventures failed because I trusted the wrong people. I also lived beyond my means. How do you grow your wealth? Right now, I grow my wealth by diversifying my investment portfolio. I invest in real estate in the Philippines, tech stocks in the US, UAE initial public offerings, cryptos and artificial intelligence companies. For instance, my Parkin stocks are already up by 200 per cent since the date of investment. I have also invested in stocks of Al Ansari Exchange, Dewa, Empower, Salik, Spinneys, Talabat and Taaleem. Are you a spender or a saver? I don't spend on things that I don't need. But I give myself a reward occasionally for working hard. Have you been wise with money? I have been wise with money in the past three years. When I suddenly earned a good amount in Dubai, I was shocked and didn't know what to do with it. So, I bought luxury items. But I realised soon enough that I should invest in things that matter. What has been your best investment? It's been in cryptocurrencies. Regardless of the price of Bitcoin, I set aside money every month to buy cryptos and my portfolio is growing. The reason why I consider cryptos to be my best investment is because I look at it as generational wealth that can be passed on to my son. Bitcoin forms the big chunk of cryptos in my portfolio, but I also own Ethereum, AI coins, Satoshi, Shiba Inu, and some altcoins. I trade in cryptos on Binance, Bybit and Phemex exchanges. Around 50 per cent of my portfolio is made up of cryptos, 20 per cent in stocks, 20 per cent is in real estate, and the remaining 10 per cent is invested in crypto projects with a strong foundation. I use Wio to trade UAE stocks and eToro for US stocks. I started investing in UAE stocks when crypto prices crashed in 2022. Any cherished purchases? The five-bedroom house that I purchased in Iloilo City, where my parents hail from, in the Philippines. It was a 'thank you' gesture to them for raising me to be a competitive person and inculcating my money mindset. How do you feel about money? It gives me the power to take care of my family, to invest in my passions and to live life on my terms. I don't chase money blindly, instead I see it as a tool that when used wisely can amplify who I am. Any financial advice for your younger self? Yes, I should have started investing earlier. I began to invest only in the last five years. Properties in the Philippines were cheap earlier and I should have invested in them, instead of spending on luxuries and travel. I wish I had invested in gold, too, because I remember my grandmother would give me gold and I'd sell it. What luxuries are important to you? The biggest luxuries are having time, being with the people I love and to be able to slow down in life when required. I want to share my knowledge, tell my story and inspire others that they can achieve wealth, too, by watching videos on YouTube, learning new skills and new technologies. But I don't have time to share my knowledge. What are your financial goals? To achieve financial freedom, which I already have. It's being in a place where I don't have to check the price of things I want to buy. I have wanted to be so financially secure that I don't have to think twice, whether it's about taking a vacation, helping my family, or just walking away from situations I don't like.
UAE Moments
6 hours ago
- UAE Moments
Huawei Eyes Non-invasive Glucose Monitoring
Huawei is accelerating its ambitions in the UAE and Middle East wearables market, aiming to eliminate the traditional delay between launching cutting-edge features in China and bringing them to international consumers. The Chinese tech giant has outlined plans to roll out its advanced TruSense health innovations, previously available only in China, to the UAE and other key markets through synchronised global launches. This strategy marks a significant shift for Huawei, responding to the growing demand in the region for health-focused wearable technology that delivers reliable, real-time data for proactive health management. During a recent media briefing, Huawei confirmed that it is working closely with local medical institutions across the Middle East to customise its wearable technology, ensuring compatibility with regional medical practices and customer expectations. HarmonyOS Enables a Seamless Experience Central to Huawei's wearables success is its proprietary HarmonyOS, an operating system developed as an alternative to Android to create a seamless, self-sufficient ecosystem across devices. HarmonyOS powers Huawei's wearable devices, enabling efficient hardware-software integration, long battery life, and smooth performance. One Huawei employee shared that their wearable device required charging only once every ten days, a major advantage for users seeking continuous health monitoring without the inconvenience of frequent charging. Health Labs Driving Global Innovation Huawei's commitment to wearables is backed by its state-of-the-art Health Labs in China and Finland, which specialise in researching exercise physiology, sports science, and biomechanics to advance health monitoring technologies. The labs' work has led to the development of the TruSense System, known for its industry-leading accuracy, comprehensive data capture, and rapid processing speeds. Huawei's TruSense system currently offers medical-grade precision, achieving over 98% accuracy in dynamic heart rate monitoring and less than 2% deviation in blood oxygen measurements. It also supports 24-hour ambulatory blood pressure monitoring via wrist-based devices such as the Huawei WATCH D2 series, making advanced health tracking accessible for everyday users. One-Button Health Checks A standout feature of Huawei's wearables is the ' one-button health check ' that delivers over ten vital health indicators in just 60 seconds, allowing users to monitor their well-being efficiently. This feature is particularly valuable for individuals seeking a comprehensive overview of their health without the need for multiple devices or visits to healthcare facilities. Noninvasive Glucose Monitoring: A Vision for the Future Among the most ambitious projects under Huawei's health technology umbrella is the development of noninvasive glucose monitoring. The goal is to provide accurate blood glucose readings without the need for finger-prick blood samples, significantly improving the user experience for those managing diabetes or monitoring blood sugar levels for preventive health measures. A Huawei spokesperson explained, 'With continuous and noninvasive detection methods, we can raise early awareness of potential health risks for users. Our long-term goal is to match the accuracy of invasive testing methods while providing a more comfortable and seamless experience for users.' This vision aligns with Huawei's broader strategy of expanding the functionality of its wearables, making them an integral part of users' daily lives and health management routines. Regional Customisation for the Middle East Huawei's plans for the Middle East extend beyond technological innovation; they include a focus on regional customisation to ensure products meet local needs. This involves collaborating with medical institutions across the UAE and other countries to validate the effectiveness of sensors for glucose testing, ovarian health monitoring, and cardiovascular assessments in local populations. The company also considers factors such as skin tone variations in sensor calibration and user interface design to enhance accuracy and inclusivity across diverse user groups. The Future of Wearables in the Middle East Huawei views the wearables segment as a growth driver for its consumer business in the Middle East, a region where health and wellness are increasingly prioritised by tech-savvy consumers. With 180 million wearable devices shipped globally and 540 million users served, Huawei's optimism is grounded in a proven track record of innovation and adoption. 'We believe the wearables market is just getting started,' the spokesperson noted. 'We see significant potential for growth in the Middle East, driven by a young, health-conscious population eager to adopt new technologies that can enhance their lifestyles.' While Huawei continues to innovate in other wearable categories such as smart glasses and health-monitoring headphones, the smartwatch remains the cornerstone of its health technology strategy. The company's ongoing efforts in enhancing the functionality and comfort of its wearables signal a future where continuous health monitoring becomes a standard part of everyday life. A New Era of Health Monitoring Huawei's commitment to bringing advanced health monitoring technologies to the UAE and the Middle East demonstrates its recognition of the region's role in the future of consumer technology. By prioritising synchronised global launches, regional partnerships, and noninvasive health tracking advancements, Huawei is positioning itself at the forefront of the next wave of wearable innovation. As Huawei expands its wearables portfolio, users in the UAE and across the Middle East can look forward to having immediate access to the latest health innovations, empowering them to take control of their health in a convenient, technology-driven way.
