PayTabs Group and Tabby have partnered to to power the growth of eCommerce across the Kingdom of Saudi Arabia and the United Arab Emirates.
The fundamental aim of this collaboration is to harness Tabby’s interest and fee-free split payment solutions within the expansive network of PayTabs across Saudi Arabia and the Emirates.
Both companies are poised to redefine the ecommerce landscape in these regions by providing a seamless and secure ‘Buy Now, Pay Later’ experience to merchants and consumers.
For PayTabs, this partnership opens doors to offering Tabby’s payment solutions on their webstore’s checkout page, thereby allowing customers to split their purchases into four interest-free payments, promoting higher cart values and expanding the merchant’s customer base.
eCommerce trends in the UAE and Saudi Arabia have seen a significant surge, largely attributed to the digital adoption wave and evolving shopping preferences, especially among millennials. The region is witnessing remarkable growth in ecommerce revenue, particularly in sectors like fashion, electronics, furniture, and appliances.
Hany Soliman, PayTabs Regional Head and Operating Partner for the GCC region said, “PayTabs empowers businesses and merchants in the digital economy by providing access to full stack payment solutions and alternative payment methods.
“By offering split payment options, we are opening the door for merchants to attract a wider customer base and increase their average transaction size. PayTabs merchants will benefit as they offer their customers the opportunity to purchase every day, premium, or even luxury products with convenient payment options,” he continued.
Zain Khan, Director of Business Development at Tabby said: “Just in time for the peak sales season ahead, we’re excited to bring our flexible payment solutions to PayTabs through which retailers can now get set up with Tabby with minimal effort. Combining the power of a strong payment gateway with buy now pay later, retailers have a great opportunity to grow their business. Retailers who join Tabby tend to see their average order value and conversion rates increase, and we can’t wait for PayTabs merchants to experience this growth firsthand.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
