Tabby Revolutionizes Payment Flexibility with New Subscription Service

Tabby, the renowned shopping and financial services app operating in Saudi Arabia, Kuwait, and the United Arab Emirates (UAE), has introduced an innovative subscription service in the UAE, extending its buy now, pay later (BNPL) capabilities, according to PYMNTS. The newly launched Tabby+ subscription empowers consumers to conveniently split their payments into four installments using their Tabby Card, enhancing financial flexibility and accessibility across a variety of transactions.

According to Hosam Arab, CEO and co-founder of Tabby, the launch of Tabby+ marks a pivotal milestone in the company’s journey. Arab states, «Tabby+ is a significant step towards our vision,» emphasizing the commitment to providing flexible, interest-free payment solutions seamlessly integrated into consumers’ daily lives.

The subscription service caters to diverse consumer needs, enabling them to manage their finances efficiently without incurring interest or hidden fees. For a monthly fee of 49 UAE dirham ($13), users gain access to a plethora of benefits, including the ability to pay for everyday essentials such as groceries, utilities, fuel, and food delivery apps anywhere Visa is accepted. Additionally, subscribers enjoy priority chat support, real-time transaction alerts, and the opportunity to earn 1% cash back on all Tabby Card purchases.

With over 600,000 Tabby Cards already issued in the UAE and a rapidly expanding user base, Tabby solidifies its position as a leading provider of shopping and financial services in the region. The launch of Tabby+ follows Tabby’s successful Series D funding round, where the company secured $200 million, achieving a valuation of $1.5 billion and attaining unicorn status in the regional FinTech landscape.

Tabby’s commitment to enhancing payment flexibility underscores its dedication to empowering consumers and merchants alike, driving financial inclusivity and convenience across the MENA region. As Tabby continues to innovate and expand its offerings, it reaffirms its status as a trailblazer in the evolving landscape of digital payments and financial services.

Other articles
The Transformation of the Insurance Sector by AI
Discovering Open Banking Benefits for Consumers and Companies With Prometeo
Galileo Introduces Wire Transfers for FinTechs
Revolutionizing Automotive Transactions: The Integration of In-Car Payments
The ESG FinTech Sector: Is it Expanding Rapidly Enough?
Consumers Can Save for Purchases Via Save Now, Buy Later Fintech
Banking-as-a-Service: Navigating the Upheaval
Digital Vehicle Wallets Revolutionize Connected Car Payments
The Influence of Global Regulatory Compliance on Financial Services
Artificial Intelligence: The Key to Financial Inclusion
Visa Offers Travelers a Digital Card Replacement Service
Next-Gen Biometric Payment Cards Launched by Fingerprints and Valid
Financial Services Sector Hesitant to Adopt AI
Signicat: Organisations Are Still Unprepared to Fight AI-Driven Fraud
Bowhead Specialty and Kalepa Improve AI-Driven Underwriting