Postpay launches 3 solutions across partner retailers in the UAE

By Edil Corneille

Dubai-based ‘buy now, pay later’ company Postpay, has officially launched in the UAE, 3 new payment solutions – Pay in Two, Pay in Four and Pay Now. The company has mentioned that it is growing its presence in the region and has partnered with over 20 local and international brands so far including Kcal, XDubai, The Giving Movement, Dubai Audio and Squat Wolf.

Tariq Sheikh, CEO and Founder of Postpay said, “We are really proud of our team and what we have achieved thus far. Our product has global best-in-class technology, seamless user experience and follows strict PCI DSS (Payment Card Industry) standards to reassure our customers that their payment information is 100% secure when checking out using postpay…”

The Pay in Two product enables customers to pay half the amount on the day of the purchase and the remaining amount in the next month. This is especially appealing for retailers with lower AOVs (Average Order Values) such as fashion brands.

Pay in Four is an extension of Postpay’s original solution. The option of 4 instalments which can be repaid every two weeks (or repaid every month – available at select retailers) is provided.

The Pay Now product is a seamless credit/ debit card processor with the added benefit for customers who have used postpay to make payments in a single click at the retailers’ premises.

The FinTech company, in a press release, has said that it upholds in its commitment to keeping customers at the core of its offering by shifting the cost-economics from customers to retailers who in turn increase conversion rates, average order values and return customers with zero added risk.

Backed by US venture capital, the company’s mission is to simplify payments in the GCC and beyond as it allows shoppers to pay for products in instalments with zero interest and zero transaction fees.