As a result of a collaboration with tabby, a prominent BNPL company in the UAE and KSA, Telr, an online payment gateway, has established a "Buy Now Pay Later" service. Telr and tabby are partnering to bring Telr merchants a payment method that will elevate their market position and promote their e-commerce business.
This team-up will grant online customers the freedom to make more frequent, expensive purchases, as this payment method allows shoppers to pay for online purchases in immediate and interest-free installments. Shoppers can submit payments two weeks after they make their purchases or in four interest-free installments billed every month.
This service has proven quite successful for merchants' businesses as it has aided them in boosting their conversion rate, reaching more shoppers with an increased average transaction value, and securing more loyal repeat customers.
On this successful partnership, CEO of Telr Khalil Alami has commented, "We believe that payment solutions are the key to acquire new customers, increase conversion rate, and tap into rapidly growing retail trends. The right payment method can have a powerful effect on merchants' sales and customer lifetime value." CEO of tabby, Hosam Arab, has added, "We believe the best way to empower merchants is to empower their customers. We are so excited to partner with Telr and provide their merchants easy access to flexible payment solutions that remove pricing as a barrier and drive sales.