Buy Now Pay Later Apps UAE 2023 | Avail BNPL Services With Tabby, Spotii, Postpay, And More

Top BPNL Players In The UAE Market

Buy Now, Pay Later services have successfully penetrated the UAE market, with numerous stores offering BPNL services. These 7 BPNL players however have seemed to dominate the loan market with their easy agreements and friendly schemes 

Tabby 

• Tabby is a Buy Now, Pay Later platform from the UAE that was founded in 2019.

• Available in KSA, UAE, Kuwait, and Egypt. 

• You can either open an account on Tabby or one will be created while you opt for the BNPL services. 

• Tabby will split your amount to 4- interest free payments. 

• 0% interest as long as pay on time. 

• Earn cashback. 

•  The payments are made via a virtual Tabby Visa card that you can also add to your Apple or Google Wallet. 

• The negative or positive influence of your limits depends entirely on your usage of the Tabby app.

Stores Registered On Tabby 

• Fashion: OUNASS, 6th Street, SIVVI, VogaCloset, Bloomingdale’s 

• Electronics: Noon, AliExpress, DragonMart, Amazon 

• Furniture And Home Decor: West Elm, Pottery Barn, Crate&Barrel

• Beauty And Healthcare: OUNASS, 6th Street(ST9), SIVVI(ZOTON), VogaCloset(ZTNS)

Spotii

• Spotii was founded in 2021. 

• topii mostly focuses on local businesses in the sectors of lifestyle, beauty and fashion styles. 

• With Spotii, you can split your bill amount into 4 interest free payments. The first payment needs to be made then and there, and the rest can be sent over time. 

• The biggest benefit of Spotii is that you can use it both on the websites as well as at the stores.

• When using Spotii offline, you can scan their QR code and the app will load you through the process. 

• The Spotii Scores theory underlies how the business operates. The more money you can spend with Spotii, the better your score will be.

• Use the app more frequently, make on-time instalment payments, or add your LinkedIn ID, passport, ID, and income certificate. You may also boost your score by following Spotii on social media.

• Each late payment will incur a 25 AED cost, with a cap of two fees per order, if you're paying late.

• Spotii is available at KSA and UAE. 

Stores Registered On Spotii

• Fashion: OUNASS(TN91), 

• Electronics: Sharaf DG, Virgin Mobile, Dyson 

Aramex Smart

• Aramex Smart is founded in 1983. 

• Aramex Smart has a BNPL service called “Unbox Now, Pay Later” which allows you to make purchases without paying anything and gives you 14days to pay you feel. 

• To use the service, you must apply and be accepted. Following that, you can shop and make a subsequent payment using any method.

• There are no fees, but there is a late fee of 10 AED or 10 SAR. 

Tamara

• Tamara was founded in 2020. 

• A Saudi startup made its app available in Kuwait, the UAE, and Saudi Arabia. 

• You have the option of paying in three or four interest-free instalments.

• There is a late fee you must pay in addition to your missed payment, just like with other BNPLs in the UAE.

• Tamara also includes the Farah rewards program, where you can find exclusive deals and offers from brands you know and love. 

Stores Available On Tamara

PostPay

• PostPay was found in 2019. 

• PostPay is available to users of age 18 and above. 

• PostPay allows you to pay your bill in two or three installments.

• You have to pay 33% off your bill then and there and then pay the remaining amount has to be paid over the next two or three months. 

• After creating an account, locate the items you wish to purchase, then use the Postpay app to create a virtual card that enables three-part payments.

• As with any debit or credit card, you simply enter the information from your postpay virtual card.

• Available in the UAE only. 

Cashew

• Available in the UAE. 

• Users has to be of age 21 and above.

• Users can choose from three methods of installments: 3installments, 6 installments, 12 installments 

• There aren't any interest charges or other fees as long as you make your payments on time. 

• If you do forget to make a payment, there is a 2% late payment fee with a minimum charge of 20 AED for each missed payment.

• You can BNPL directly online on the websites of Cashew partners or in-store using a QR code.

Rise

• Rise is a startup from Dubai that incorporates a digital bank account, insurance and investment products, as well as BNPL.

•   The company is primarily concerned with the many migrants who require banking and financial services. 

• Apart from UAE, the company also operates in Pakistan. As for its pay later segment, it has partnered with Carrefour to offer payment plans for electronics, appliances, and similar products.

•  You can pay off the products in four installments. 

FAQs

1. What is BNPL?

BNPL is a type of payment option where customers can purchase items and pay for them at a later date, often in installments.

2. How does BNPL work in the UAE?

BNPL services in the UAE work by allowing customers to make purchases and defer payment until a later date. The customer may be required to make a small down payment, after which they can pay off the balance in instalments over time.

3. Is BNPL available in the UAE?

Yes, BNPL services are available in the UAE and are offered by various providers.

4. Is BNPL safe to use in the UAE?

BNPL services in the UAE are generally considered safe to use, as long as customers understand the terms and conditions of their agreement and make payments on time.

5. What fees are associated with BNPL services in the UAE?

The fees associated with BNPL services in the UAE can vary depending on the provider and the terms of the agreement. Customers should be aware of any fees, such as interest or late payment fees, before using a BNPL service.

6. Are there any requirements to use BNPL in the UAE?

Requirements to use BNPL in the UAE can vary depending on the provider, but some common requirements include being 18 years of age or older, having a valid ID, and having a good credit history.

7. Can BNPL be used to make purchases online in the UAE?

Yes, BNPL can be used to make purchases online in the UAE through participating retailers and e-commerce websites.