Majid Al Futtaim has announced the success of its strategic partnership with Tabby, the leading shopping and payments app in the GCC.
Initially, the partnership that took off in July 2023 allowed Tabby to operate within all Majid Al Futtaim-owned stores in the UAE malls. However, this summer marks the launch of an exciting new feature that integrates Tabby into the SHARE app, making Majid Al Futtaim the largest vendor utilising BNPL services in the region.
By integrating Tabby’s BNPL (By Now, Pay Later) services into the Majid Al Futtaim SHARE app through the SHAREPay feature, the shopping experience is now newly revamped for home and luxury enthusiasts.
Financial flexibility
With this integration, customers can now shop at any Majid Al Futtaim Mall while enjoying the financial flexibility that BNPL offers.
In the first nine months of the Tabby partnership, Majid Al Futtaim processed approximately AED 253mn in BNPL transactions, surpassing the initial Year 1 budget of AED 100mn. This significant increase highlights the strong demand and preference for flexible payment options such as Split in 4 among customers.
“This partnership underscores our commitment to innovation and excellence, ensuring that we constantly meet the evolving needs of our customers. We are confident that it will continue to positively impact our business and customer satisfaction in the years to come,” commented Khalifa Bin Braik, CEO, Majid Al Futtaim Asset Management.
“This partnership provides their shoppers with additional payment choices, and offers the ease, convenience and security of SHAREPay alongside the features users love in Tabby–flexibility, transparency and no hidden fees,” remarked Hosam Arab, CEO and Co-founder, Tabby.
