February 4, 2023

Dubai Week

Complete Dubai News World


A partnership between “Jumbo” and “Spotty” to offer the option of paying in installments when shopping

Jumbo Electronics has partnered with Jumbo, a leading retail electronics company, in a technology-enabled payment platform called Spotty to help customers shop at their stores and then make payments.

The ‘Buy Now, Pay Later’ system has seen significant growth this year in major Middle Eastern countries plagued by the epidemic as consumers and sellers seek convenient payment options. (Buy Now, Pay Later) Plans are very popular with Millennials and Generation Z because they help shoppers manage their costs by providing them with a flexible payment solution, especially for high value purchases, which they can pay without multiple installments at extra cost

Spotty is a Dubai-based Fintech company that launched the ‘Buy Now, Pay Later’ site in the UAE last year. With Spotii, customers can pay for their purchases in 4 installments at no extra charge using any debit or credit card. Without having to wait or call the bank, the payment plan can be prepared and approved immediately. Payment is scheduled automatically and customers do not need to re-enter card details.

For Jumbo customers, they can easily use the new solution by downloading the Spotii processor and recording their details or by scanning the QR code provided by Spotii to Jumbo Electronics and then paying through the app. Customers can pay 25% of their purchase value at the store and the remaining value is scheduled to be paid in later installments. Spotii fares are available at all jumbo outlets in the UAE, including the recently opened store in the city center Al Jahiya in Shajah.

On this occasion, Pankaj Kumar, Head, Multi-Channel Retail, Jumbo Group, said: “As one of the most trusted retail groups in the United Arab Emirates, we are committed to delivering a unique experience and benefits to our customers. Customers in all sectors want to experience greater flexibility during their buying journey, and (buy now, buy later) solution is a natural evolution of this need. Spotty offers our customers a proven and effective solution that enables them to purchase products and pay easily.

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Ziad Ahmed, co-founder and CEO of Spotty, said: “Established to support the e-commerce ecosystem in the Spotty region and to create a vibrant community centered on people and trust. We are pleased to offer our premium solutions to premium partner such as Jumbo, who has been a leading salesperson in the UAE for many years, with the aim of providing the best shopping experience for Jumbo’s diverse customer base.