Majid Al Futtaim, the leading shopping mall, retail and leisure group across the Middle East, Africa and Asia has announced a long-term strategic partnership with Tabby to offer flexible payment solutions to customers.
The new partnership with enable customers to use Buy Now, Pay Later (BNPL) in malls and in-store by offering interest free credit over short-term installment plans.
Currently, Tabby payment solutions are available to be utilised in 15 percent of Majid Al Futtaim’s mall tenants in the UAE, specifically in Mall of the Emirates, City Centre Deira, City Centre MIrdif and City Centre Al Zahia.
The flexible payment solution can also be used while shopping online and in Carrefour and brands such as Lululemon, Crate & Barrel, The Lego Store and THAT Concept Store.
For use in-store, customers will be given a Tabby Card. The partnership will soon see its effects roll out to other Majid Al Futtaim brands and mall tenants before being expanded internationally.
Tabby and Majid Al Futtaim’s collaboration
Joe Abi Akl, Chief Corporate Development Officer, Majid Al Futtaim Holding said, “According to Majid Al Futtaim’s point of sale data, Buy Now Pay Later sales more than doubled in 2022 compared to the previous year. This is a clear indication that customers prefer convenience and flexibility when it comes to their shopping experience. Our partnership with Tabby addresses this growing demand for omnichannel payment solutions and provides the 4 million Tabby shoppers access to Majid Al Futtaim’s retail and lifestyle brands.”
Hosam Arab, Chief Executive Officer and Co-founder at Tabby said, “We are thrilled to partner with Majid Al Futtaim, a leading retail and leisure pioneer in the MENA region. This partnership will allow us to bring the power of flexible payments to millions of people across the region, online and in-store. With Tabby, customers shopping at Majid Al Futtaim’s malls and stores can make the most out of their money and work towards reaching their financial goals.”
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