Buy Now Pay Later (BNPL) plans have been gaining popularity with several service providers offering ease of multiple payment purchases, however, experts urge users to stay vigilant of potential debt traps
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Saudi fintech JeelPay raises $6.6mn in Pre-Series A funding
Joa Capital, AlJazira Capital, and other angel investors participated in the startup’s latest funding round
Buy now Pay later
Visa launches flexible payment feature in US, UAE to meet growing demand
For the UAE rollout, Visa has partnered with Liv Bank
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UAE real estate renovation platform launches buy-now-pay-later interior design services
UAE real estate investors can see returns double following a significant renovation of property
BNPL
UAE and Saudi embrace digital payments as online shopping and buy-now-pay-later thrive
UAE and Saudi shoppers adopt digital payments as BNPL and online retail replace cash purchases
BNPL
Tabby teams up with Majid Al Futtaim to spread buy-now-pay-later across the GCC
Tabby and Majid Al Futtaim expand partnership to expand buy-now-pay-later services
acquisition
Tabby to acquire Saudi digital wallet Tweeq in move to expand services beyond BNPL
The transaction, while subject to regulatory approvals and required legal proceedings, is poised to reshape the fintech landscape in Saudi Arabia and potentially the broader region
BNPL
MENA shoppers using buy-now-pay-later for essential purchases says Tabby
Tabby research shows customers turning to buy-now-pay-later for essential as well as discretionary spending
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UAE, Saudi ‘Buy Now, Pay Later’ demand on the rise but experts call for caution as youth debt balloons
BNPL is gaining traction in UAE and Saudi Arabia due to digitisation, consumer demand, and appeal among youth, but experts warn of overspending risks
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Ramadan shopping: Tabby records over $43mn in UAE, Saudi Arabia sales in a single day
Compared to 2023, Tabby saw a 195 percent surge in sales volume for the single day
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UAE issues new buy-now-pay-later rules
Central Bank of the UAE announces new short-term credit regulations
BNPL
Saudi Arabia issues rules for ‘buy-now-pay-later’ firms
Saudi Central Bank issues rules for ‘buy-now-pay-later’ operators in the Kingdom
BNPL
Dubai’s Majid Al Futtaim, Tabby announces plan to offer buy now, pay later
The first of its kind partnership will offer flexible payment options to customers in-store and online
Amazon Payment Services
UAE Gen Z prefer Buy Now, Pay Later scheme, digital payments, says Amazon report
The study, which was conducted amongst Gen Z – individuals born between 1997 and 2012, compared their spending habits to that of millennials – individuals born between 1981 and 1996
BNPL
Tabby secures $350mn financing, upsizes warehouse debt facility
The additional financing will support the Tabby’s core buy now, pay later service increasing reach to more customers, retailers and purchases
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Tabby says customers could be targeted for phishing attacks
“Be cautious of suspicious emails,” the email alert read
Apple
Apple announces new buy now pay later feature for Apple Pay users
Users can also apply for Apple Pay Later loans from $50 to $1,000