Dubai-based payments gateway company Telr introduced a buy now, pay later (BNPL) solution after entering a partnership with compatriot BNPL firm tabby.
Founded in 2014, Telr is a payment gateway provider that offers a set of APIs and tools that enable businesses to accept and manage online payments via web, mobile and social media.
According to Trade Arabia, Telr will introduce its BNPL product as a result of the partnership, with the new platform allowing online shoppers in the United Arab Emirates and Saudi Arabia to make instant and interest-free instalments when they conclude their online purchases.
The payment can be made up to two weeks after purchase or in instalments billed every month, giving online consumers the freedom to make larger purchases more frequently and bolster their own purchasing power.
Furthermore, the new BNPL solution will private an easy integration with Telr merchant sites while support a seamless checkout process for customers.
Telr CEO Khalil Alami said, “We believe that payment solutions are the key to acquire new consumers, increase conversion rate, and tap into a rapidly growing retail trend. The right payment method can have a powerful effect on merchants’ sales and customer lifetime value.
“As a result, we constantly work on enriching our payment methods and make sure to provide our merchants with the latest payment methods and technologies. We constantly work on every pain point merchants are facing in the e-commerce world and bring in the best solution on the table.”
tabby CEO Hosam Arab added, “We believe the best way to empower merchants is to empower their customers. We are so excited to partner with Telr and provide their merchants easy access to flexible payment solutions that remove pricing as a barrier and drive sales.”
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