*About 10,000 merchants likely to benefit from the service
*Buy Now, Pay Later affords consumers a flexible installment payment option with zero additional cost or hidden fees
Saudi Arabia-based E-commerce platform Salla and tech-enabled payments platform Spotii have forged a partnership to provide more than 10,000 merchants across the kingdom direct access to the benefits and functionality of Buy Now, Pay Later (BNPL).
As a result, millions of consumers across the region will benefit from a more flexible installment payment option with zero additional cost or hidden fees.
Spotii, which launched last year in the UAE, has introduced a new way to pay for items over time, both online and in-store, without any interest charges whatsoever. The way it works is simple: customers select to pay with Spotii using any debit or credit card (including MADA) and spread their order over four equal, automatic payments in the future.
Approval is instant and there is no interest or added fees to use the service.
Ebtihal Alosaimi, Spotii Country Manager of KSA, said, “A few years ago, owning a website wasn’t an easy journey in KSA. The e-commerce platform wasn’t Arabic friendly and it was costly. However, Salla has enabled merchants to create their own websites with few clicks and requirements.”