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Tabby, the first ‘Buy Now Pay Later’ provider to operate in both Saudi Arabia and the UAE, announced that it has been permitted to operate in SAMA’s Regulatory Sandbox environment.
Aligning with retailers’ and their customers’ needs, tabby provides shoppers with the flexibility to pay for their purchases in a single deferred payment, or in multiple interest-free installments through the use of any debit or credit card.
Abdulaziz Saja, KSA general manager of tabby, said, “tabby aims to democratize access to credit by providing shoppers with on-the-spot, flexible payment options. This will also help alleviate retailer pains in the current cash strapped environment and help boost their sales.”
Supporting 180+ merchants currently and growing fast, tabby leads in the regional Buy Now Pay Later scene, and has extended its offering to 10,000 e-commerce merchants by partnering with KSA e-commerce platform, Salla.
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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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