{"id":20360,"date":"2023-01-09T15:53:00","date_gmt":"2023-01-09T15:53:00","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=20360"},"modified":"2023-01-09T15:56:47","modified_gmt":"2023-01-09T15:56:47","slug":"ubuy-offers-bnpl-in-saudi-arabi-and-kuwait-kuwait-and-saudi-arabia-teams-up-with-tamara","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/01\/09\/ubuy-offers-bnpl-in-saudi-arabi-and-kuwait-kuwait-and-saudi-arabia-teams-up-with-tamara\/","title":{"rendered":"Ubuy partners with Tamara to launch BNPL service in Kuwait and Saudi Arabia"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<a href=\"https:\/\/ubuy.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ubuy<\/span><\/a><span data-preserver-spaces=\"true\">, a cross-border retail search engine, has partnered with Saudi fintech start-up <a href=\"https:\/\/www.meretailnews.com\/2022\/08\/23\/tamara-raises-100-million-in-funding-for-expansion-plans\/\">Tamara<\/a> to roll out a buy-now-pay-later (BNPL) service in Kuwait and Saudi Arabia.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With this new service, customers in these countries can shop for more than 100 million products via the Ubuy platform and split their payments in instalments.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Media spokesperson for Ubuy, Faizan, said: &#8220;We are excited to offer our customers in Kuwait and Saudi Arabia the convenience and flexibility of buy now pay later.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;Our goal is to improve the shopping experience for our customers, and we believe this new service will do just that.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ubuy, which operates in more than 180 countries, allows customers to choose from a variety of products and features seamlessly and conveniently, adjusting and filtering searches by price, colour and size.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition to its product selection, the platform also offers fast, reliable shipping and secure payment options.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;Our team has worked hard to create a user-friendly platform that offers something for everyone. Whether you&#8217;re looking for the latest gadgets, home goods, or fashion items, Ubuy has it all,&#8221; added Mr Faizan.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the future, Ubuy intends to expand its BNPL service to other countries.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since its inception in Kuwait in 2012, Ubuy has become a leading cross-border retail search engine that links customers to more than 100 million products from famous international brands.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founded in 2020, <a href=\"https:\/\/www.meretailnews.com\/2022\/08\/23\/tamara-raises-100-million-in-series-b-equity-round\/\">Tamara<\/a> was the first\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.meretailnews.com\/2022\/07\/29\/buy-now-pay-later-schemes-increasingly-popular-in-the-uae\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">buy-now-pay-later<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0platform to enrol in Saudi Central Bank\u2019s Sandbox programme, which invites fintech companies to support the kingdom\u2019s swift digital transformation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It August, the company grabbed $100 million in a Series B funding round to foster its expansion across the region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last month,\u00a0<\/span><em><span data-preserver-spaces=\"true\">Business Wire<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0predicted that buy-now-pay-later payments in Saudi Arabia would grow by 61.2 per cent on an annual basis to reach $1,067.7 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The payment adoption was expected to grow steadily over the forecast period, recording a compound annual growth rate of 31.6 per cent till 2028. with the BNPL Gross Merchandise Value in the country reaching $5,537.8 million.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ubuy, a cross-border retail search engine, has teamed up start-up Tamara to launch a buy-now-pay-later (BNPL) service to its customers in Kuwait and Saudi Arabia<\/p>\n","protected":false},"author":40,"featured_media":20361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1,4106],"tags":[2791,4174,4580],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20360"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=20360"}],"version-history":[{"count":4,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20360\/revisions"}],"predecessor-version":[{"id":20365,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20360\/revisions\/20365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/20361"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=20360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=20360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=20360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}