For instance, UAE-based Tabby offers BNPL services in the fashion and home category, Rise offers BNPL products in the electronics and migrant banking category. These startups are targeting consumers in different sectors. Some of the key BNPL platforms that offer consumers the deferred payment option in the UAE include Tabby, Tamara, Spotti, Rise, Postpay, Cashew, and Aramex Smart. Consequently, the BNPL industry is still in its early stages of development in the country. In recent years, all of the BNPL platforms operating in the United Arab Emirates have entered the deferred payment industry. As the global pandemic impact diminishes, BNPL firms are expected to take more business at the shop in the country. Apart from the surge in e-commerce shopping, the BNPL movement has become the most significant retail trend that the local retail sector has witnessed since the onset of the global pandemic.Īpart from BNPL's offering on e-commerce stores, investors believe the physical point of sale will play a crucial role in the future of BNPL in the UAE.

The buy now, pay later (BNPL) trend is picking pace in the UAE as more financial technology platforms align with retailers to make shopping convenient and more accessible in these cost-conscious times.

DUBLIN-( BUSINESS WIRE)-The 'UAE Buy Now Pay Later Business and Investment Opportunities (2019-2028) - 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics' report has been added to 's offering.Īccording to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 71.5% on annual basis to reach US$ 697.1 million in 2021.

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