PayTabs and Tabby Join Hands To drive E-commerce Growth By CIOTechOutlook Team

PayTabs and Tabby Join Hands To drive E-commerce Growth

CIOTechOutlook Team | Thursday, 16 November 2023, 06:22 IST

PayTabs Group, MEASA's award-winning payment solutions powerhouse, announced a partnership with Tabby MENA's premier shopping and financial services app to drive ecommerce growth in the Kingdom of Saudi Arabia and the United Arab Emirates.

The collaboration aims to elevate businesses on the PayTabs Payments platform by offering Tabby's interest and fee free split payment solution creating a seamless and secure 'Buy Now, Pay Later' experience for merchants. PayTabs will now offer merchants in Saudi Arabia and the United Arab Emirates Tabby as a payment option on their webstore's checkout page. With Tabby, online customers and shoppers will be able to split their purchases into four interest and fee free payments facilitating more time for them to pay, as per PR Newswire.

As per ecommercedb.com, millennial purchasing preferences and a boom in digital usage are driving the region's e-commerce growth. The UAE is ranked as the 27th largest ecommerce market, with a projected revenue of $10,205.5 million by 2023. Saudi Arabia, on the other hand, is the 28th largest.

Commenting on the partnership with Tabby, 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."