Pankaj Kumar, Head of Multi-Channel Retail at Jumbo Group, said: “As one of the UAE’s most trusted retailers, we are committed to offering superior experience and customized benefits. Spotii is available across all of Jumbo’s stores in the UAE including the recently opened store at City Centre Zahia, Sharjah. Customers can pay 25% of the purchase amount in-store and the other instalments are scheduled later. Customers can download the Spotii app and register their details or scan the Spotii QR code unique to Jumbo Electronics and pay via the app. Payments are automatically scheduled so customers don’t need to re-enter card details.įor Jumbo customers, using Spotii is easy. The plan can be set up and approved instantly, so there’s no extra waiting or calls to the bank. With Spotii, customers can spread their purchase over 4 cost-free installments using any debit or credit card. Spotii is a Dubai-based fintech that launched its shop now, pay later platform in the UAE last year. Merchants get the benefit of better conversion rates and improved ticket size. Popular among Millennials and Gen Z, BNPL plans help shoppers manage their finances as it gives them the flexibility to spread payments, especially for high ticket value purchases, across multiple installments at no costs. DUBAI- Leading technology retailer, Jumbo Electronics has partnered with Spotii, a tech-enabled payments platform to offer Buy Now Pay Later facility for Jumbo customers.īuy Now, Pay Later (BNPL) offerings have recorded strong growth over the last four quarters across key countries in the Middle East, spurred by the pandemic as consumers and merchants alike look to offer convenient payment options.
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