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Dubai: tabby, the Middle East’s leading Buy Now Pay Later platform, announced today that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa. Acceptance into this program allows tabby to more easily leverage the global reach, capabilities and security that Visa offers and to partner on a number of initiatives including launching Visa-card products to tabby’s growing consumer base and accelerating cashless adoption with consumers across tabby’s key markets.
Co-founded in 2019 by Hosam Arab, previously co-founder and CEO of online retail site Namshi, tabby helps retailers boost their sales by offering their customers flexible Buy Now Pay Later payment solutions. tabby is the only Buy Now Pay Later platform with operations in the UAE and Saudi Arabia and was recently admitted to the Saudi Arabian Central Bank’s regulatory sandbox environment (SAMA).
“Being part of Visa’s Fintech Fast Track program will help tabby supercharge its regional market and product expansion” said Hosam Arab, CEO and Co-Founder of tabby. “At tabby, we want to empower our customers to easily buy what they want, when they want, while remaining in control of their finances. Having a direct relationship with Visa will enable us to give our customers access to our innovative payment solutions across a significantly larger merchant base.”
“By joining Visa’s Fintech Fast Track Program, partners like tabby gain unprecedented access to Visa experts, technology, and resources,” said Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa. “Fast Track lets us provide new resources that rapidly growing FinTechs need to scale with efficiency. We’re delighted to welcome tabby into our program and look forward to working with them on their BNPL payment solutions that will help SMEs grow, drive digital commerce and promote financial inclusion in the MENA region.”
Visit www.tabby.ai to find out more and keep up to date with the latest news and updates on social media @tabbypay.
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About Tabby:
Tabby is the region’s first Buy Now Pay Later solution with a mission to empower people to easily buy what they want, when they want, while remaining in control of their finances. Tabby works with retailers across the UAE and KSA to offer their customers flexible payment solutions which in turn, help increase their sales. Tabby’s Pay Later solution aims to replace cash on delivery, which is the most popular payment method for online shoppers in the region. Tabby’s Pay in Installments option gives customers the flexibility to pay for their purchases in multiple, interest-free installments without requiring a credit card. Tabby has secured over $9m in investments from global institutional investors and regional VCs and from its base in Dubai, has plans to rapidly expand across the Middle East. For more information visit Tabby.ai or visit @TabbyPay
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