UAE Business: Postpay, Mastercard and CBD partner for BNPL solution – Gulf Digital News

UAE Business: Postpay, Mastercard and CBD partner for BNPL solution – Gulf Digital News

The Commercial Bank of Dubai (CBD), Mastercard, tutuka and Postpay have strategically partnered to launch the region’s first-of-its-kind “Shop Anywhere” BNPL (buy now pay later) solution that will drive digital payments in the region.



Postpay, supported by CBD, Mastercard and Tutuka, provide a seamless payment journey to customers that enables convenience for BNPL payments, both in-store or online at leading retail outlets across the Middle East.



The Postpay payment process is designed with customers and their convenience at the core. While the first payment is upfront, the following payments are automatically deducted from the credit or debit card customers used to sign up. This enables customers to purchase on-demand, with the added convenience of paying for the goods over time, without any interest, extra charges or hidden fees.



The technology allows consumers to “Shop Anywhere” online and in-store using contactless payments, at thousands of physical stores, including Ace, Apple, Azadea, CenterPoint, Decathlon, GAP, Level Shoes, H&M, Home Center, Mumzworld, Sephora, Sharaf DG, Shein, Zara and thousands of other leading global brands and more coming soon such as Amazon, Noon and Namshi in December.



As the digital payment landscape evolves, Millennials and Gen Z consumers will play a key role in the growth of BNPL