Dara is a product of Balut Smart Systems Development Company , which is designed with the aim of facilitating and improving the quality of life of Iranian society, as well as increasing the sales and turnover of active businesses.
Year of establishment: 2018
Field of activity: consumer financing
Dara, Consumer financing Introduction
According to Iran digital economy annotation, DaraCard is a Dara product that works based on BNPL’s financial solution, and users can use this card to pay for any purchase within 30 days of purchase or in three steps. Individual and organization customers can use DaraCard, the credit limit of this product is $1000.
Individual customers can receive a card with a certain amount of credit by submitting a check, electronic promissory note and identification code. Organizations can allocate a certain amount of credit to their employees after obtaining a contract with Dara.
In order to facilitate the purchasing process of users, Dara has also launched a mobile card in addition to the card. Mobile card not only allows users to purchase by scanning the QR code, but also enables easy management of purchase transactions, thus users can benefit from the variety of reimbursement models of this product.