IKEA Provides A Flexible, Convenient Shopping Experience with ‘Buy Now, Pay Later’ Solution from the Middle East’s Leading Flexible Payment Platform, tabby

25

Dubai, UAE: tabby, the Middle East’s leading Buy Now Pay Later platform, announced today that it has partnered with the region’s favourite Swedish home furnishing retailer, IKEA to provide customers in the UAE with the flexibility to pay in interest-free installments for their online and in-store purchases. tabby enables customers to purchase products online or in IKEA stores and pay after 14 days or in installments over three months. 

The flexible payment solution is available in-store in Dubai at IKEA Festival Plaza and Festival City, in Abu Dhabi at IKEA Yas Island, Al Ain Bawadi and Al Wahda and will roll out online by the end of this year. Customers will be able to use the service by clicking on the ‘Pay with tabby’ option in the online checkout process. After filling out their mobile number and email address, and linking their credit or debit card, customers will be able to instantly complete their purchase and pay later or in interest-free installments. 

Speaking on the new partnership, Hosam Arab, CEO of tabby, said: “We’re extremely happy to launch our payment solutions with IKEA, one of the world’s most loved and respected brands to offer their customers in the UAE flexible and interest-free installments for all their purchases. Launching just in time for the festive season, customers can enjoy using the flexible payment service for their upcoming festive shopping and benefit from spreading their payments into manageable and convenient installments.“

The IKEA partnership is tabby’s third major in-store rollout after partnering with ToysRUs and ACE stores in the UAE. 

Commenting on the partnership, Vinod Jayan, Managing Director at IKEA – UAE, Oman and Egypt said ‘’At IKEA, we are on a constant mission to provide a more convenient experience, online or in-store, and providing alternative payment solution is a big part of that. Our collaboration with tabby will enable us to make IKEA products and solutions available for even more of the many people. Affordability is at the core of our product design. By giving our customers more choices to pay for the products they love, we aim to make IKEA more accessible along with being affordable. The Buy Now Pay Later payment solution enables our customers to get affordable products and pay for them at their convenience.’’

Paul Carey, Vice President Cards & Payments at Al-Futtaim noted “We are very excited and proud to bring Buy Now Pay Later to IKEA’s customers in collaboration with tabby. This customer-focused and flexible payment option is already proving popular in the market and now IKEA’s customers can enjoy instalment options at no extra cost.”

Co-founded in 2019 by Hosam Arab, previously co-founder and CEO of online retail site Namshi, tabby helps retailers boost their sales by offering their customers flexible Buy Now Pay Later payment solutions. tabby has recently announced funding of $23m to support its growth across the UAE and the Kingdom of Saudi Arabia making it one of the best funded fintech business in the Middle East

About tabby: 

tabby is the region’s first Buy Now Pay Later solution with a mission to empower people to easily buy what they want, when they want, while remaining in control of their finances. tabby works with retailers across the UAE and KSA to offer their customers flexible payment solutions which in turn, help increase their sales. tabby’s Pay Later solution aims to replace cash on delivery while its Pay in Installments option gives customers the flexibility to pay for their purchases in multiple, interest-free installments without requiring a credit card.  tabby has secured over $32m in investments from global institutional investors and regional VCs and from its base in Dubai, has plans to rapidly expand across the Middle East. For more information visit tabby.ai or visit @tabbyPay 

About IKEA UAE:

IKEA UAE, a member of Al-Futtaim group of companies, offers an extensive range of home furnishing products & accessories of good design, value and functionality. In the UAE for 29 years, the IKEA stores in Dubai Festival City,  Festival Plaza in Jebel Ali and Yas Island, Abu Dhabi closely follow the popular self-serve and self-assembly concept which was conceived in Sweden over half a century ago. IKEA serves a wide choice of refreshments at the IKEA Restaurant and Café. The Customer Ordering and Collection Point in Al Ain offers residents easy access to well-designed products at a great price. 

Customers can also join the IKEA FAMILY loyalty programme to avail of great offers and extended services on every visit to the store. Toll free number for the world-famous brand is 800 4532 (800 IKEA).

About Al-Futtaim:

Established in the 1930s as a trading business, Al-Futtaim today, is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.

Structured into five operating divisions; automotive, financial services, real estate, retail and health; employing more than 42,000 employees across 29 countries in the Middle East, Asia and Africa, we partner with over 200 of the world’s most admired and innovative brands.

Al-Futtaim’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration, integrity; Al-Futtaim continues to enrich the lives and aspirations of our customers each and every day.