News

Basatne Debuts ORBT Platform For Digital Refunds In UAE

The new payout system routes refunds and incentives into gift cards and wallets as Gulf brands push to keep spending inside their own ecosystems.

Published

5 months ago

February 11, 2026

Nour Nasir

basatne debuts orbt platform for digital refunds in uae

Basatne has rolled out ORBT, a payouts platform that turns refunds, trade-ins and incentives into instant digital credits instead of cash, aiming to keep money circulating inside brand networks rather than disappearing through bank transfers.

The product went live this week from Dubai, where retailers and marketplaces are moving quickly toward mobile wallets and app-based rewards. Cash refunds, Basatne argues, cut the loop: once funds hit a bank account, the brand loses the customer.

ORBT keeps that value contained. Merchants can issue credits, gift cards or wallet balances the moment a return or claim is approved. Those balances are redeemable across a network of more than 4,000 regional and global partners, giving consumers choice while businesses retain control over where spending lands.

The pitch leans on behavior already visible in the market. Basatne’s data shows three-quarters of millennials prefer digital gift cards and 77% want rewards delivered instantly. Two-thirds of digital cards are used by buyers themselves, not given away. Nearly half of the users of brand-agnostic (open loop) gift cards buy them monthly or more. For employers, they have become a routine perk, with 52% of businesses using gift cards in benefit programs.

“In circular economies, value should not exit the system as cash,” said Ammar Aboulnasr, CEO of Basatne. “ORBT embeds fintech directly into circular workflows — transforming refund and trade-ins into digital value that is instant, traceable, and redeemable across partner networks”.

Mohammad Sleiman, CEO of Basatne MENA, added: “Cash refunds are increasingly misaligned with how consumers want to receive value”.

Also Read: Checkout.com Begins Payment Partnership With Spotify

The launch lands as recommerce and buyback volumes swell across United Arab Emirates and Saudi Arabia. Basatne estimates that market will top $30 billion, creating a steady stream of payouts that could be digitized and retained inside structured ecosystems. The company plans to start capturing that flow through ORBT by 2026.

The platform is designed to plug into e-commerce, telecoms, logistics, hospitality and HR systems. Roadmap items include Buy Now, Pay Later integrations, eSIM-linked loyalty and crypto-based payouts, including stablecoins.

For Basatne, it’s less about perks and more about plumbing. Refunds become another payments rail, and another lever for retention.

Related Topics:Basatne United Arab Emirates

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A Three-Clinic Network Bets Dubai Is Ready For Longevity Medicine

Longevium has enlisted nearly 100 clinicians and created an AI platform in a bid to sell biological-age tracking as a medicine, not a wellness service.

Published

2 days ago

July 13, 2026

Dana Saadeh

a three-clinic network bets dubai is ready for longevity medicine

Dubai has been busily creating the scaffolding for a longevity industry, including a dedicated regulatory authority and a health market deep enough to sustain it. Now the clinics are arriving.

Longevium, a longevity clinic network, has opened three locations across the city: a flagship at Triple Seven Mall on Jumeirah 3, and branches in Jumeirah Lake Towers and Jumeirah Village Circle. Together they house a multidisciplinary team of nearly 100 physicians and specialists offering what the company bills as “a measurable medical system for longevity”.

longevity dubai clinic launch

The pitch is that longevity medicine should look less like a wellness menu and more like continuous clinical care. Each patient’s biological age assessment, laboratory results, body composition, cardiovascular risk factors, metabolic markers, and lifestyle data feed into a single profile, with a proprietary AI platform helping physicians track progress and adjust protocols against the patient’s own biomarkers.

“Healthy aging must be approached clinically through diagnostics, biomarkers, physician supervision, longitudinal tracking, and protocols tailored to the individual,” said Dr. Ksenia Butova, Longevium’s founder and CEO. “Our goal is to help patients understand their health trajectory before disease develops, and then actively change that trajectory”.

The treatment list spans peptide-based protocols, exosome therapies, stem cell approaches, GLP-1 metabolic optimization, hormone balance programs, cardiovascular prevention, and regenerative aesthetics — a model built for the entrepreneurs, executives, and international patients the clinic says want measurable results rather than generic wellness. A signature offering, Longevity Day, compresses biomarker testing, ultrasound and vascular imaging, specialist consultations, IV therapy, and a personalized optimization roadmap into a single three-hour visit.

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“Here, longevity, biotechnology, AI, prevention, and regenerative medicine are converging into a single ecosystem,” said Butova. “This is why Longevium was built in Dubai, and why we believe the UAE can become a global reference point for longevity medicine”.

The emirate established the Dubai Longevity Authority in 2026 to oversee its longevity, wellness, and advanced health sectors, and the Dubai Health Authority reported insured beneficiaries exceeding 4.9 million in 2025, up around 6.5%, with insurance claims reaching approximately 49.6 million, up around 13.5%.