Financial technology platform, TAPI, which specializes in providing post-paid services, has signed a partnership with the Saskat platform that allows merchants and entrepreneurs to build their online stores in the Kingdom of Saudi Arabia. Increase their sales and provide additional payment options to users with greater flexibility, the platform advances …
The financial technology platform, TAPI, which specializes in providing post-paid services, has signed a partnership with the Saskatah platform that allows merchants and entrepreneurs to build their online stores in the Kingdom of Saudi Arabia.
TAPI provides postpaid “buy now, pay later” solutions to retailers in the UAE and Saudi Arabia to help them increase their sales and provide additional payment options for users with greater flexibility. The platform provides its services through a postpaid option that allows customers to carry out purchase orders without using a card and pay for purchases after 14 days from completing the purchase, or by paying in installments, which provides customers with the ability to pay for purchases in installments without interest.
Commenting on this, Salman Pet, Co-Founder and Operations Manager at Saskat, said: “We are in Saskat striving to provide many products and solutions to our customers in the easiest way possible. Offering a flexible payment method like the one offered by TAPI helps our partners improve their store offerings and attract more customers to them. This would consolidate the partnership between us and our customers, and it is part of our constant endeavor to be the first choice for any entrepreneur looking for a fast and integrated way to build his online store.
While Abdul Aziz bin Saja, General Manager of TAPI in Saudi Arabia, said: “This partnership with the Basket platform is an important step to increase the pace of expansion in the Kingdom, and to introduce the feature of“ Buy now and pay later ”through the stores on the platform. We look forward to leading the future of payment methods in the Kingdom. ”
Tappy had received $ 7 million in financing from the Raed Ventures Fund and the MSA Fund last June to enter the Saudi market.
This partnership will enable all store owners on a basket to provide the postpaid feature of TAPI, allowing additional options and benefits.
The advantages that Tapie will offer to basket merchants are:
- Increasing sales, purchases and the percentage of completion of the purchase process by customers due to the flexibility of payment.
- Providing postpaid as a better alternative than paying on receipt.
- An efficient and steady cash flow cycle.
- Take advantage of TAPI’s growing customer base and marketing platform for their stores.
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