INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Tabby, Paymob announce partnership

e-commerce in MENA is predicted to reach US $48 billion by the end of 2023.
  • Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants.
  • Tabby is a payments and shopping app, and Paymob, an omni-channel payments facilitator in MENAP.

Cairo, Egypt—Tabby, a payments and shopping app, and Paymob, an omni-channel payments facilitator in MENAP, announced a partnership “to fuel growth for retailers in Egypt by enabling businesses” across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via Paymob’s gateway.

Together, Tabby and Paymob create a Buy Now Pay Later solution for both in-store and online retailers.

Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants

Ahmed Khalil, Tabby Egypt’s General Manager, said, “Today there is a strong demand for greater financial freedom and flexibility to enable consumers to make their purchases. Retailers need the technology infrastructure that allows them to plug and play solutions that offer financial freedom instantly at checkout, without interest or fees. Partnering with Paymob allows our technology to be instantly accessible to their network of over 120,000 retailers in Egypt.”

Paymob’s Executive Vice President for Global Business Development, Omar El-Gammal, said, “Our partnership with Tabby is key because it encompasses both physical, in-store and online, e-commerce payments solutions, to provide a better checkout experience, increased conversions and an expanded client base for merchants in Egypt.”