Mastercard and Spotii partner to enable millions of consumers across GCC to ‘Buy Now Pay Later’

Mastercard and Spotii partner to enable millions of consumers across GCC to ‘Buy Now Pay Later’

As the ‘Buy Now Pay Later' market continues to grow to $1.5 trillion worldwide1, Spotii has selected Mastercard as its exclusive payments BNPL partner in the region. The partnership will offer millions of consumers across the region flexible installment payment options with zero additional cost or hidden fees through the web, in-store or the Spotii app. Spotii provides shoppers with the ability to Shop Now Pay Later with absolutely no cost or hidden fees. The goal is to support the regions ecommerce ecosystem and provide an extremely consumer friendly product that would support customers while helping merchants grow a loyal consumer base. Consumers get a budgeting tool that allows them to manage expenses over a period of time while merchants enjoy accelerated sales. Spotii merchants have reported that Spotii has driven an average order value increase of 50% and a conversion uplift of 40%. Through the partnership, Spotii's services will extend to Mastercard's extensive merchant network. Additionally, Spotii and Mastercard will collaborate to introduce several new and technologically innovative digital payment products for shoppers in the region. With an intuitive and easy-to-use platform, consumers can easily sign up to become part of Spotii's platform and have the option