Sunday, October 1, 2023
  • About Us
  • Events
  • Advertise
  • Contact
  • Login
  • Register
No Result
View All Result
The Wealth Today
  • Investments
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • Exclusives
The Wealth Today
No Result
View All Result
Home Digital Transformation

FAB’s Magnati partners with Al-Futtaim to offer Buy-Now-Pay-Later at IKEA online

The Wealth Today by The Wealth Today
June 6, 2021
in Digital Transformation, Payments
FAB’s Magnati partners with Al-Futtaim to offer Buy-Now-Pay-Later at IKEA online
Share on FacebookShare on Twitter

Magnati, a fully owned subsidiary of First Abu Dhabi Bank (FAB), has partnered with Al-Futtaim to enable its Buy-Now-Pay-Later option on IKEA’s website. The solution is offered in collaboration with fintech start-up tabby.

This partnership further consolidates Magnati’s position as the leading payment service provider in the UAE and is powered by Magnati’s ‘Payment as a Platform’, an API-driven platform which seamlessly drives multiple payment options for merchant partners.

Salim Awan, MD, Institutional Payment at Magnati, said: “Further demonstrating our commitment to our merchant partners to offer them a seamless payment experience, we are pleased to extend tabby’s Buy-Now-Pay-Later solution to our online acceptance platform. This is powered by Magnati’s Payment as a Platform offering where merchants can integrate with our API-driven payment layers in the shortest possible time and thus benefit from multiple payment options to enhance their customer’s checkout experience. This is one of the many solutions that demonstrates Magnati’s vision of transforming payments into possibilities.”

Paul Carey, EVP Cards & Payments at Al-Futtaim, commented: “We’re really excited to launch Buy- Now-Pay-Later for IKEA online with tabby in the UAE, enabled by Magnati’s payment platform. This is another milestone in our drive to offer our customers flexibility and choice in the way they pay.”

With tabby’s online Buy-Now-Pay-Later solution, customers can instantly make purchases and pay using interest-free instalments of up to three months by registering with their mobile phone number and Emirates ID, and linking either a debit or credit card.

This collaboration is the latest in a series of partnerships supporting Magnati’s objective to become the payment platform of choice, and to drive more digital solutions across the UAE and the wider region.

Magnati is the carve out of FAB’s payments business and its transition from a transactional to a data-driven and platform business. Magnati is a fully owned FAB subsidiary, strengthening the Group’s leadership position in the rapidly expanding payments sector and accelerating its digital transformation agenda.

Visit www.magnati.com for more information.


——

Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions or any promises expressed in the above news.

If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.

——



Previous Post

Central banks integrate ESG into mainstream activities

Next Post

M2P Solutions joins Visa Fintech Fast Track program for MENA region

Next Post
M2P Solutions joins Visa Fintech Fast Track program for MENA region

M2P Solutions joins Visa Fintech Fast Track program for MENA region

Recent Tweets

  • About
  • Get Engaged
  • Events
  • Contact
  • T&C
  • Privacy Policy

© 2021 The Wealth Today

No Result
View All Result
  • Investment
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • About
  • Events
  • Advertise
  • Contact
  • Exclusives
  • Login
  • Sign Up
  • Cart

© 2020 The Wealth Today

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist