The partnership will enable Spotii to expand its network to Mastercard’s extensive merchant footprint offering consumers an intuitive, convenient budgeting tool

Dubai, UAE: As the ‘Buy Now Pay Later’ market continues to grow to $1.5 trillion worldwide1, Spotii and Mastercard have partnered to facilitate ‘Buy Now Pay Later’ payment plan and offer millions of consumers access to flexible installment payment options with zero additional cost or hidden fees.

The goal is to support the region’s e-commerce ecosystem through providing a consumer friendly product that helps merchants grow a loyal customer base. It also gives consumers a budgeting tool that allows them to manage expenses over a period of time while merchants enjoy accelerated sales.

Through this partnership, Spotii’s services will extend to Mastercard’s extensive merchant network. Spotii and Mastercard will also collaborate to introduce several new and innovative digital payment products. With an intuitive and easy-to-use platform, consumers can sign up to become part of Spotii’s platform and pay in installments at over 600 beauty and fashion outlets across the GCC.

“At Mastercard, we connect consumers to their passions by offering convenient payment possibilities, and flexibility is a gamechanger in the world of e-commerce today. Sophisticated shoppers increasingly demand diversity in their payment options, and we are committed to answering those needs. Mastercard’s partnership with Spotii will propel the ‘Buy Now Pay Later’ market in the region, enabling businesses to increase customer transactions and advance digitization, while giving consumers greater payment flexibility,” said Girish Nanda, Country Manager, UAE & Oman, Mastercard.

“Spotii’s mission is to empower customers and enable them to enjoy their shopping experience without worrying about excessive costs and hidden fees. At the same time, our platform supports customer acquisition and revenue growth for business owners – it’s a win-win. As today’s youth continues to demand more flexibility and convenience, we are excited to work with a partner that shares our values and is committed to addressing the needs of a new generation of shoppers. With our first to market solutions in the UAE and KSA, we are rapidly expanding to all other GCC markets. Mastercard’s footprint and payments expertise will allow us to grow our community centered on people and trust,” said Ziyaad Ahmed, Co-founder and COO Spotii.

Send us your press releases to

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.