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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BNPL
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
Abu Dhabi
Dubai speed limit change; UAE petrol prices; Housing bubble risk; Coldplay in Abu Dhabi; Real estate financing – 10 things you missed this week
Dubai real estate analysis, RTA announce new speed limits, Coldplay launch Abu Dhabi shows and more of the top news stories this week
BNPL
‘Every landlord’s dream’: Dubai real estate firm launches rent-now-pay-later financing allowing tenants to pay in 12 instalments
Keyper introduces rent-now-pay-later Dubai real estate service to spread cost of renting property in the UAE
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
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
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
BNPL
Saudi BNPL provider Tamara raises $150mn debt financing from Goldman Sachs
The funding brings the total equity and debt up to $366 million since its launch
BNPL
Revealed: Namshi’s new monthly payment option with Tabby
The companies have partnered to introduce greater payment flexibility for customers
BNPL
UAE-based BNPL startup Cashew partners with du to offer device financing to customers
The telecom device financing scheme will spread over a 24-month period
BNPL
Dubai BNPL Tabby picks Paymob for its major Egypt expansion
Paymob, which is backed by the Egyptian central bank, serves over 120,000 merchants in the North African country
banking industry
GCC financial sector to see fierce rivalry with pure-play fintech players like YAP set to enter lending segment
So far, fintech ventures have been majorly confined to challenging traditional players in the financial and banking sector in their digital segments with smarter and faster financial tools
BNPL
Dubai BNPL Tabby expands to Egypt
The platform has gained a significant user base since its launch in early 2020