Ikea offers ‘Buy Now, Pay Later’ solution

Ikea offers ‘Buy Now, Pay Later’ solution

tabby, the Middle East’s leading Buy Now Pay Later platform, has partnered with the region’s favorite Swedish home furnishing retailer, Ikea to provide customers in the UAE with the flexibility to pay in interest-free installments for their 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 at www.ikea.ae 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.”

The Ikea partnership is tabby’s third major in-store rollout after partnering with ToysRUs and ACE stores in the UAE.

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 solutions 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. Affordability is at the core of our product design. By giving our customers more choices to pay for the products they love, we aim to make Ikea more accessible along with being affordable. The Buy Now Pay Later payment solution enables our customers to get affordable products and pay for them at their convenience.”

Paul Carey, Vice President Cards & Payments at Al-Futtaim noted:

“We are very excited and proud to bring Buy Now Pay Later to Ikea’s customers in collaboration with tabby. This customer-focused and flexible payment option is already proving popular in the market and now Ikea’s customers can enjoy instalment options at no extra cost.”

Co-founded in 2019 by Hosam Arab, previously co-founder and CEO of online retail site Namshi, tabby helps retailers boost their sales by offering their customers flexible Buy Now Pay Later payment solutions. tabby has recently announced funding of $23m to support its growth across the UAE and the Kingdom of Saudi Arabia making it one of the best funded fintech business in the Middle East.

- Tradearabia News Service

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