FAQ'S
Account/Profile
PayNest resolves the inconsistencies in the payments value chain by providing digital solutions. The app is designed to help users make a variety of payments, anywhere, anytime.
After registering via the email, users will receive a one time unique OTP via SMS or email which they will have to enter and verify.
No, PayNest is free for all users.
No, no charges will be deducted.
Yes, PayNest ensures KYC verification and ultimate security for its users.
The users need to have an ID verification, an active email, and a phone number to set up an account.
General
PayNest is a next generation embedded finance player providing sophisticated technology to resolve inconsistencies in the payments value chain. We create platforms that help users to make payments anywhere, anytime.
The payments value chain in the UAE is inconsistent and is challenging for a lot of people. Parents especially go through a lot of hassle to pay their children’s school fees. PayNest aims to resolve these inconsistencies by providing sophisticated digital solutions.
PayNest works closely with a number of educational institutions, The Commercial Bank of Dubai, and regulatory authorities to provide dynamic payments solutions.
The users have to set up an account and enter all relevant details. They will then have the option to make a variety of payments with just a few clicks.
Payments
Yes, users can make payments as soon as they set up an account.
Users need to connect their PayNest account with either a debit / credit card or an active bank account.
Yes, PayNest allows you to pay your child’s fee from anywhere.
Yes, PayNest has resolved this issue by allowing users to make payments with their home-country issued debit / credit cards.
Currently, PayNest only allows school payments but we will soon launch more digital payment solutions.
No, users only need an email, an ID and a phone number to set up their account. A payment method can be added afterwards (Either a bank account or debit / credit card).