PayTabs, a payment solutions provider, has joined forces with Tabby, a split payment solution, to boost e-commerce in Saudi Arabia and the UAE. The two companies plan to help businesses on the PayTabs Payments platform offer their customers a simple and secure Buy Now, Pay Later option through Tabby. This way, PayTabs can enable Tabby as a payment method on the checkout page of its merchants in Saudi Arabia and the UAE. Tabby allows online shoppers to split their purchases into four interest-free and fee-free payments.
The goal of the PayTabs – Tabby collaboration is to enhance the customer shopping experience by turning potential buyers into actual ones, increasing the average cart value, and expanding the merchant’s customer base. The two companies aim to serve key e-commerce sectors in the region, such as fashion, electronics, furniture, and apps, with digital payment solutions and split payment options.
PayTabs’ officials said that the company empowers businesses and merchants in the digital economy by providing them access to payment solutions and alternative payment methods. By offering split payment options, PayTabs hopes to help merchants attract more customers and increase their average transaction amount, as consumers get more convenient payment options. Tabby’s representatives stated that, by integrating their payment gateway with Buy Now, and Pay Later, retailers can grow their businesses, as those who use their services see their average order value and conversion rate increase. Tabby currently works with about 30,000 global and local brands and businesses, such as H&M, Adidas, IKEA, SHEIN, noon, and Bloomingdale.
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PayTabs has been developing the infrastructure for B2B payment solutions, offering a range of services, such as digital invoicing, QRD code, social media payments, and point of sale. In recent months, the company has entered several partnerships, including one with Middle East Payment Services (MEPS) to enable digital payments in Palestine. Through this partnership, the two companies aimed to help SMEs, e-commerce, web entrepreneurs, and creators in Palestine use online payment solutions to sell their products on social media and online. PayTabs and MEPS wanted to offer online payments, recurring payments, electronic invoicing, and access to multi-currency payments, including USD, JOD, and the local currency.
Moreover, in early June 2023, PayTabs deployed Modirum 3D Secure payment solutions to improve digital payment security in Saudi Arabia. The partnership between PayTabs and Modirum aimed to provide a flexible, robust, and cost-effective EMV 3D secure authentication solution for PayTabs’ merchants, banks, and processors in the region.
Back in May 2023, PayTabs partnered with FlapKap, a revenue-based financing platform, to accelerate the growth of UAE e-commerce merchants. The partnership sought to support new and existing PayTabs UAE-based entrepreneurs, webpreneurs, and SMEs in getting fast and flexible funding offers within hours.
