Tabby, Middle East’s Buy Now Pay Later (BNPL) payments and shopping app, and Paymob, an omnichannel payments facilitator in MENAP, announce their partnership enabling businesses across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via Paymob’s gateway.
Through the partnership, the two FinTech players Tabby and Paymob, aim to “create a seamless Buy Now Pay Later solution for both in-store and online retailers.”
“Today there is a strong demand for greater financial freedom and flexibility to enable consumers to make their purchases. Retailers need the technology infrastructure that allows them to plug and play solutions that offer financial freedom instantly at checkout, without interest or fees. Partnering with Paymob allows our technology to be instantly accessible to their network of over 120,000 retailers in Egypt,” Ahmed Khalil, Tabby Egypt’s General Manager, said.
Tabby has recently expanded its operations and services in Egypt working with both local and international brands such as Faces, In Your Shoe, KAI Collections, Ariika, Marcqa, Dresscode, L’azurde, and Floward.
Tabby launched in 2019 and allows consumers to split their purchases into 4 interest-free payments and earn cashback on their transactions. The FinTech startup has raised $204 million in funding this year.
Paymob was founded in 2015 to build an omnichannel payment infrastructure that enables businesses to accept digital payments both online and in-store and gives them better access to financial services. Paymob has raised $50 million in a Series B funding round and expanded its operations and services to Pakistan this year.
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