Dubai-based Spotii debuts its BNPL solution in Bahrain

  • Date: 29-Jan-2022
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Dubai-based Spotii debuts its BNPL solution in Bahrain

Spotii, a leading global Buy Now, Pay Later (BNPL) company, has officially launched the tech-enabled payment platform in Bahrain, under the Central Bank of Bahrain’s (CBB) Regulatory Sandbox.

The launch in Bahrain comes in line with the vision of Spotii to build a connected, engaging and passionate experiential payments ecosystem across the Middle East and North Africa (MENA) region and beyond.

Spotii has established an extensive merchant footprint across the GCC and MENA, with access to over 1,000 merchants in the UAE and Saudi Arabia. The platform is planning to announce new GCC locations in the upcoming months. Last year, Spotii was acquired by Zip, a global BNPL leader.

Prior to the official announcement, Spotii signed several major strategic partnerships with local key enterprises to test under the CBB’s regulatory sandbox including YK Almoayyed, Zayani Motors, Bin Hindi Informatics, Alsalam Gas, Homiez, Wafi Apps, AJM Kooheji group as their in-store and online BNPL providers.

Fahad Kazim

GM – Spotii

Bahrain “Spotii’s mission is to empower customers and enable them to enjoy their shopping experience without worrying about excessive costs and hidden fees. At the same time, our platform supports customer acquisition and revenue growth for business owners – it’s a win-win. Merchants in the GCC have