“First Abu Dhabi” launches the “buy now and pay later” service

Abu Dhabi: “Al Khaleej” First Abu Dhabi Bank announced its cooperation with “TAPI”, the emerging financial technology company headquartered in the UAE, with the aim of providing “buy now and pay later” service with the bank’s commercial partners. This service has been offered for the first time by the “Toys R Us” stores in the UAE, which are affiliated with Al-Futtaim Group. This cooperation will contribute to strengthening the position of First Abu Dhabi Bank as a provider of electronic payment services in the UAE, and it is part of the integrated payment platform service (Payment as a Platform) recently launched by First Abu Dhabi Bank, which provides a set of payment services within a unique digital package. . The “Buy Now, Pay Later” service allows customers to shop, buy products in stores and pay in installments extending up to 6 months without interest, after registering using the phone number and the Emirates ID card and linking the registration account with the credit and debit card. This cooperation is the latest in a series of partnerships through which First Abu Dhabi Bank aims to enhance the pace of adoption of digital solutions in the UAE and the region in general. These partnerships have enjoyed great acceptance and widespread adoption by trading partners, and also include the use of an integrated Payit digital wallet that eliminates the need to use banknotes.

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