UAE : A leading retailer in the UAE has said that over 15 percent of its customers have now shifted to ‘Buy Now, Pay Later’ (BNPL) mode.
There is a report by Research and Markets that state that BNPL payments in the UAE are expected to reach $17.5 billion by 2028.
The Eros Group, a 54-year old organization, with a presence in the distribution and retail of consumer electronics, mobility, IT, Home Appliance, and convergence products, has said that a large number of its customers in the 24-45 age group are looking for better financial control over their personal finances and prefer alternative options to credit cards to spread their purchase and manage costs.
To meet its customers’ demand, EROS has partnered with Tabby to offer a smarter, transparent, secure and convenient way to purchase electronics and appliances.
With this partnership, EROS customers can split their purchases into four easy interest-free payments from the time of purchase, both in-store and online.
Mohammad Badri, Director, EROS Group said, “UAE consumers are moving away from traditional payment models to alternatives. This partnership with Tabby provides our customers access to trusted payment options when they want to budget for larger purchases with an affordable payment plan without any hassle.”
