Sweden-based home accessories company Ikea will offer an installment payment plan to customers for their purchases.
The furnishing retailer has teamed up with buy-now-pay-later app Tabby, enabling customers to buy products online or in IKEA stores and pay after 14 days or over three months in installments.
The flexible payment option is available in-store in Dubai at IKEA Festival Plaza and Festival City, in Abu Dhabi at Ikea Yas Island, Al Ain Bawadi and Al Wahda and will roll out online by the end of this year.
By clicking on the ‘Pay with Tabby’ option in the online checkout process, customers can use this service. Filling out a mobile number and email address, and linking their credit or debit card activates the service.
After partnering with ToysRUs and Ace stores in the UAE, the IKEA collaboration is Tabby’s third big in-store rollout.
“This customer-focused and flexible payment option is already proving popular in the market and now Ikea’s customers can enjoy instalment options at no extra cost,” said Paul Carey, vice president, Cardsand Payments at Al-Futtaim, holders of the IKEA franchise in the UAE.
Co-founded in 2019 by Hosam Arab, previously co-founder and CEO of online retail site Namshi, tabby helps retailers boost their sales by offering their customers flexible buy-now-pay-later payment service. Tabby has recently announced funding of $23 million to support its growth across the UAE and Saudi Arabia.
“We’re extremely happy to launch our payment solutions with IKEA, one of the world’s most loved and respected brands to offer their customers in the UAE flexible and interest-free installments for all their purchases. Launching just in time for the festive season, customers can enjoy using the flexible payment service for their upcoming festive shopping and benefit from spreading their payments into manageable and convenient installments.”
IKEA is one of the best-known and most successful home furniture companies in the world. This Swedish company also sells a wide range of home accessories and interior design items. They are famous for their modern designs, eco-friendly products, low prices, and flat-pack furniture.