Spotii introduces deferred payment option on their platform in UAE

Tuesday 21 July 2020 10:19 CET | News

UAE-based ecommerce payment tech provider Spotii has launched an offering allowing customers to make online purchases and delay payment for two weeks.

The option works in the UAE through a consumer ordering something online – from one of a growing number of partner merchants. The goods are delivered. Two weeks after the purchase date, the consumer pays 25% of the purchase cost, followed by another 25% payment every two weeks for the next six weeks. 

Flexible payment terms mean paying the cost of items purchased over eight weeks under the No Pay Today offering – without penalties for early re-payment, unlike most bank offerings. Merchants can sign up directly with Spotii using simple plugins designed to integrate with nearly all leading e-commerce platforms, such as Shopify, Magento and WooCommerce. Spotii also has a team of developers on hand to help forward-thinking merchants integrate Spotii with their existing online payment technology through an API, should they be required.

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Keywords: Spotii, United Arab Emirates, buy new pay later, deferred payments, BNPL, online payments, ecommerce, MENA
Categories: Payments & Commerce
Countries: United Arab Emirates
This article is part of category

Payments & Commerce