Tabby and PayTabs join forces for e-commerce growth in the UAE and Saudi Arabia, offering retailers an interest-free split payment solution.
The MENA-based financial services and shopping app Tabby, along with the MEASA payment solutions company PayTabs Group, are working together to drive the expansion of e-commerce in the United Arab Emirates and the Kingdom of Saudi Arabia.
By providing Tabby’s interest-and fee-free split payment solution, the partnership seeks to advance companies on the PayTabs Payments platform. For retailers, this will result in a simple and safe “Buy Now, Pay Later” experience. On the checkout page of their online business, PayTabs will provide Tabby as a payment option to retailers in Saudi Arabia and the United Arab Emirates.
The regional head of PayTabs and operational partner for the GCC, Hany Soliman, made the following statement about the company’s cooperation with Tabby: “PayTabs empowers businesses and merchants in the digital economy by providing access to full-stack payment solutions and alternative payment methods.”
We are enabling merchants to draw in a larger clientele and boost average transaction values by providing split payment choices. PayTabs merchants stand to gain from providing their clients with convenient payment choices for everyday, premium, or even luxury product purchases.
Benefiting retailers as well as customers
With Tabby, shoppers and online buyers can divide their purchases into four interest-free, interest-free installments, giving them more time to make their payments. By turning browsers and prospective customers into real-time purchases, the collaboration seeks to improve the customer purchasing experience. As a result, this will raise the typical value of a shopping basket and grow the merchant’s clientele.
According to ecommercedb.com, the region’s e-commerce industry is still thriving because of the rising internet adoption rate and the shopping habits of millennials. UAE is ranked as the 27th-largest e-commerce market, with $10,205.5 million expected in revenue by 2023.
In contrast, the Kingdom of Saudi Arabia ranks as the 28th largest. Electronics, furniture, appliances, and fashion are the main sources of e-commerce revenue. These important e-commerce sectors in the area are still served by PayTabs and Tabby, which offer split payment and digital payment systems, respectively.
Two well-known local financial companies have partnered to create a cutting-edge ecosystem that will benefit businesses greatly and improve customers’ purchasing experiences.
“Just in time for the peak sales season ahead, we’re excited to bring our flexible payment solutions to PayTabs through which retailers can now get set up with Tabby with minimal effort,” stated Zain Khan, director of business development at Tabby. Retailers have a fantastic opportunity to expand their business by combining purchase now pay later with the strength of a reliable payment gateway. It is common for retailers to notice increases in their average order value and conversion rates after joining Tabby, and we are eager for PayTabs merchants to witness this growth for themselves.
