Riyadh, KSA: Salla and Spotii have forged a partnership to provide over 10,000 merchants across the Kingdom direct access to the benefits and functionality of Buy Now, Pay Later (BNPL). As a result, millions of consumers across the region will benefit from a more flexible instalment payment option with zero additional cost or hidden fees.
Spotii, which launched last year in the UAE, has introduced a new way to pay for items over time, both online and in-store, without any interest charges whatsoever. The way it works is simple: customers select to pay with Spotii using any debit or credit card (including MADA) and spread their order over four equal, automatic payments in the future. Approval is instant and there is no interest or additional fees to use the service.
Aligned with Saudi Arabia’s Vision 2030, Spotii is designed to accelerate development of the Kingdom's e-commerce and digital payment ecosystem: e-commerce is anticipated to encompass 80 percent of the retail sector by 2030. Through Spotii, Salla merchants are well positioned to take advantage of this digital trend and enjoy an enhanced ability to boost their market presence.
While this is a new concept to the region, business owners in the GCC who have decided to offer BNPL to their customers are already seeing several tangible benefits, including full upfront payment for their sales, larger basket sizes, improved conversion rates and fewer refunds. Spotii’s proprietary Data Engine, combined with sophisticated Digital Marketing insights, drives new customers to Merchants, providing an additive and highly lucrative acquisition channel. Spotii merchant partners have reported up to 40% of new customer volume driven by Spotii, as well as 50%+ increase in basket size.
Salla has enabled ecommerce startups to launch their website and sell their products and services easily by empowering them with an easy-to-use platform that supports all types of payments and shipments in which their customer would prefer when buying online.
“We are constantly looking to provide value-added services for our rapidly growing merchant base and we saw synergies with Spotii.
Now, there are more innovative payment options available for Salla merchants to serve their customers with. We greatly look forward to this partnership as it benefits the e-commerce ecosystem in Saudi Arabia for now, and to the other countries in near future.,” said Salla
“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.” said Ziyaad Ahmed, Co-founder and COO Spotii.
“A few years ago, owning a website wasn’t an easy journey in KSA. The ecommerce platform wasn’t Arabic friendly, and it was really costly. However, Salla has enabled merchants to create their own websites with few clicks and requirements.” said, Ebtihal Alosaimi, Spotii Country Manager of KSA.
Merchants, can quickly bring a new era of payment to their online offering with a few simple clicks to sign up as a Spotii provider over at the website, here. [https://dashboard.spotii.com/signup]. Spotii then appears as a payment option when customers get to the checkout page, and they can then order and have goods delivered, enjoying hassle free equal instalments.
About Spotii
Spotii is a tech-enabled payments platform where anyone can Shop Now and Pay Later with absolutely zero interest or cost. Our mission is to empower a generation to enjoy more today what they will love forever through technology, trust and inclusion.
Growing up during the Great Recession, we at Team Spotii observed firsthand the lasting impact of predatory finance. This inspired us to find a better way to access what we love without fear or worry of overly punitive consequences.
We imagined redefining ecommerce around trust. We imagined a vibrant, mobile and social platform for discovering new brands and experiences. We imagined an empowered community.
This is why we launched Spotii. Our vision is to build a connected, engaging and passionate experiential ecosystem across the MENA region and beyond. Join us!
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© Press Release 2021
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