Tabby Ties up With IKEA to Offer Interest-Free Buy Now, Pay Later Optionby Fintechnews Middle East 28. December 2020
tabby, a Middle East “Buy Now Pay Later” platform, announced that it has partnered with Swedish home furnishing retailer, IKEA to provide customers in the UAE with the flexibility to pay in interest-free installments for their online and in-store purchases.
tabby enables customers to purchase products online or in IKEA stores and pay after 14 days or in installments over three months.
The flexible payment solution is available in-store in Dubai at IKEA Festival Plaza and Festival City, in Abu Dhabi at IKEA Yas Island, Al Ain Bawadi and Al Wahda and will roll out online by the end of this year.
Customers will be able to use the service by clicking on the ‘Pay with tabby’ option in the online checkout process. After filling out their mobile number and email address, and linking their credit or debit card, customers will be able to instantly complete their purchase and pay later or in interest-free installments.
Speaking on the new partnership, Hosam Arab, CEO of tabby said,
“We’re extremely happy to launch our payment solutions with IKEA, one of the world’s most loved and respected brands to offer their customers in the UAE flexible and interest-free installments for all their purchases. Launching just in time for the festive season, customers can enjoy using the flexible payment service for their upcoming festive shopping and benefit from spreading their payments into manageable and convenient installments.“
Commenting on the partnership, Vinod Jayan, Managing Director at IKEA – UAE, Oman and Egypt said,
‘’At IKEA, we are on a constant mission to provide a more convenient experience, online or in-store, and providing alternative payment solution is a big part of that. Our collaboration with tabby will enable us to make IKEA products and solutions available for even more of the many people. The Buy Now Pay Later payment solution enables our customers to get affordable products and pay for them at their convenience.’’
tabby has recently announced that it had raised an investment of $23 million during its Series A funding round to support its growth across the UAE and the Kingdom of Saudi Arabia.