First-in-region ‘Insure Now, Pay Later’ payment plan expands offering in the UAE auto insurance market
Spotii, the tech-enabled and payment technology provider, has introduced a payment scheme with no interest, no cost and no catch in a new partnership with the largest retail insurance provider in the UAE, InsuranceMarket.ae, the company indicated in a press statement.
Spotii, which launched in April 2020, will help those making online car insurance purchases spread the cost over four payments with a 25% down payment, then an additional three payments, with its ‘Insure Now, Pay Later’ proposition that is exclusive to InsuranceMarket.ae.
Consumers can pay with a debit or credit card at checkout with a simple, fast and free sign up to Spotii. All InsuranceMarket.ae consumers need to do is click the Spotii payment option, and they will then make a quarter of the full payment, followed by another 25% payment every other week or month, with no hidden costs, fees or charges.
“We are working to help people make life more affordable and InsuranceMarket.ae is now part of our pain-free payment family,” emphasized Anuscha Iqbal, CEO, Spotii.
“We are committed to providing our clients simple yet innovative ways to save time and money when buying insurance and we are pleased to launch our exclusive ‘Insure Now, Pay Later’ facility in partnership with the promising team at Spotii,” remarked Avinash Babur, CEO, InsuranceMarket.ae
With absolutely no hidden costs, fees or charges to consumers, Spotii’s first-to-market, industry-disrupting payment mechanism helps consumers spread the cost of vital vehicle insurance, without struggling to find the full payment in one go, the press communiqué concluded.
