Telr, an award-winning online payment gateway has announced its new partnership with tabby, a leading buy-now-pay-later (BNPL company) in the UAE and Saudi Arabia.

Telr launched its “Buy Now Pay Later” solution and services as a result of this partnership, empowering Telrs’ merchants with yet with another payment method to accelerate their ecommerce business and enhance their market position.

The “Telr buy now, pay later” service enables online shoppers in UAE and KSA to make instant and interest-free instalments when they complete their online purchases. The payment can be made 14 days after purchase or in instalments; giving online shoppers the freedom to pay for their goods in 4interest-free payments, billed every month.

This payment method will give online shoppers the freedom to purchase to make larger purchases more frequently, and increase their purchasing power at any given time. The solution provides a smooth integration with Telr merchant sites while allowing customers to checkout seamlessly.

To date, the buy now, pay later solutions; have helped merchants increase their conversion rate, allowing them reach more potential customers, with a boosted average transaction value, and an increased number of repeat purchasers, thus ensuring a healthier cashflow for their businesses.

In addition to removing the financial barriers for online shoppers around the world, the buy now pay later solutions have opened the doors for new shopping trends while allowing the reach to overlooked market segment such as the millennial segment, thus reflecting positively on the customer experience.

Khalil Alami, the CEO of Telr, said: “we believe that payment solutions are the key to acquire new consumers, increase conversion rate, and tap into a rapidly growing retail trend. The right payment method can have a powerful effect on merchants’ sales and customer lifetime value.

“As a result, we constantly work on enriching our payment methods and make sure to provide our merchants with the latest payment methods and technologies. We constantly work on every pain point merchants are facing in the ecommerce world and bring in the best solution on the table.”

Hosam Arab, the CEO of tabby, said: “We believe the best way to empower merchants is to empower their customers. We are so excited to partner with Telr and provide their merchants easy access to flexible payment solutions that remove pricing as a barrier and drive sales.” – TradeArabia News Service