Al-Futtaim Group launches 'buy now, pay later option'
Shoppers can split up payments on goods bought and on interest-free terms
Dubai: The Al-Futtaim Group has partnered with tabby, a startup, to give customers the option to “buy now, pay later” for a number of its brands. Customers can purchase products online or instore and choose to pay within 14 days, or pay using interest-free instalments for up to six months.
At launch, the feature will be available on Al-Futtaim Group’s online portal ‘muudha’ and Al-Futtaim Watches & Jewellery’s online store. Customers can sign up by clicking “pay with tabby” at the checkout process.
After registering with their mobile number and Emirates ID, customers get credits that can be used instantly. If customers choose to pay in instalments, they can link their tabby account to their credit or debit card.
Regis Schulz, President of Retail at Al-Futtaim Group said, ‘’With the change in consumer behaviour, retailers are going through a major shift globally. We are constantly looking for ways to improve the experience for our customers and are excited to introduce the buy now, pay later.
“This advancement in the payment landscape will help customers who are credit card averse better manage their spending by making purchases at their convenience when the funds are available.”
Al-Futtaim Group will be extending this feature to its retail stores, other brands and business units across the UAE by the end of this year.