Tabby, a “Buy Now, Pay Later“ Startup Serving Saudi Arabia and the UAE

Tabby, a “Buy Now, Pay Later“ Startup Serving Saudi Arabia and the UAE

The buy-now, pay-later startup says it has built proprietary decision engine that allows customers to check out without the need to enter their credit or debit card details when making a purchase, offering an alternative to cash-on-delivery (COD).. According to the company's website, retailers are paid at the time of purchase and don't need to wait for customers to make payments.. In the region, fintech companies such as payments startup Payfort have been providing customers with the ability to make purchases and pay for these in installments.. Their model requires customers to use credit cards, and most oftentimes, cards from select-banking partners only.. Tabby differentiates itself from competitors in that it does not require a card at all, the startup says.. Once the goods are received and in line with expectations, customers have up to 14 days to make the payment using a debit or credit card through their Tabby account.. More payment methods will be added in the future, the company says.. The UAE and Saudi Arabia accounted for 60% of the region's e-commerce market..