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Ikea to offer installment payments for in-store, online purchases in UAE

Furnishings retailer partners with Dubai-based buy-now-pay-later platform Tabby

by David Ndichu

December 24, 2020

Ikea in the UAE is offering customers an installment payment plan for their purchases.

The furnishing retailer has teamed up with buy-now-pay-later platform Tabby, allowing customers to purchase products online or in Ikea stores and pay after 14 days or in installments over three months.

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.

Customers can avail the service by clicking on the ‘Pay with tabby’ option in the online checkout process. Filling out a mobile number and email address, and linking their credit or debit card activates the service.

The Ikea partnership is Tabby’s third major in-store rollout after partnering with ToysRUs and Ace stores in the UAE.

“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.

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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 $23m 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,” said Hosam Arab, CEO of Tabby.

“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,” he added.

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