Latest news with #paymentflexibility
Arabian Business
09-07-2025
- Business
- Arabian Business
Amazon Payment Services partners with Tamara BNPL to expand UAE, Saudi Arabia market
Amazon Payment Services has partnered with Tamara, the GCC's leading Buy Now, Pay Later (BNPL) provider, to expand flexible payment options across the Middle East and North Africa (MENA) region. The partnership enables businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer split payment solutions to their customers. The collaboration comes as consumers increasingly seek payment methods that deliver flexibility and transparency. Tamara's partnership boosts payment flexibility BNPL demand has risen across the region, making Tamara's inclusion in the Amazon Payment Services portfolio a response to growing consumer expectations and an enhancement to the customer journey. Industries including airlines, e-commerce, healthcare, insurance, education, fashion, and lifestyle sectors stand to benefit from Tamara's Sharia-compliant flexible payment solutions. The service allows customers to split payments into four equal installments, a feature designed to boost sales, reduce cart abandonment, and enhance customer satisfaction. Merchants will benefit from larger basket sizes, improved conversion rates, and an enhanced shopping experience for their customers. Peter George, Managing Director of Amazon Payment Services MENA, said: 'As more consumers across the region look for affordable ways to manage their purchases, BNPL solutions are becoming more and more indispensable for merchants. Partnering up with Tamara, a leading split payments provider, was a natural next step in our commitment to empowering diverse businesses as they navigate today's digital payments space. With this expansion of our offering, we are thrilled to unlock new revenue streams for businesses, help them deliver more value to their customers, and ultimately grow their online business.' The partnership responds to rising demand for flexible payment options in both the UAE and Saudi Arabia. In KSA, BNPL has seen strong consumer uptake, with shoppers seeking ways to spread payments over time. Tamara's Sharia-compliant offerings provide transparent, accessible solutions aligned with local values. UAE consumers benefit from flexible payments with no late fees, enabling more confident big-ticket purchases. Sami Louali, EVP and Chief Revenue Officer at Tamara, added: 'At Tamara, we're focused on creating a payment experience that benefits both businesses and consumers. Partnering with Amazon Payment Services allows us to expand our reach across the UAE and Saudi Arabia—supporting business growth and delivering a hassle-free, flexible payment solution for consumers. This partnership marks an exciting milestone in our mission to meet the changing needs of merchants and their customers while driving loyalty and sales.' Tamara's integration represents a significant expansion of Amazon Payment Services' affordable payment options. The company already offers a range of BNPL services and credit card installment options in partnership with more than 25 leading banks across the UAE, KSA, Egypt, and Jordan, allowing customers to split payments over terms of up to 36 months. With Tamara's inclusion, Amazon Payment Services can now cater to a wider audience, including customers who prefer to use either debit or credit cards. The partnership ensures that merchants in the UAE and KSA have access to tools needed to offer a seamless, flexible payment experience to their customers. With a single integration, businesses gain access to a wide range of payment options, advanced reporting dashboards, and streamlined reconciliation processes, keeping them ahead of the curve in the fast-paced digital payments landscape.
Finextra
07-05-2025
- Business
- Finextra
Klarna becomed preferred payments partner for BigCommerce
BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, announced that Klarna, the AI-powered payments and commerce network, has become a global preferred payments partner. 0 As a global preferred partner, Klarna will bring its flexible, interest-free payment options to merchants worldwide, enhancing the shopping experience and driving growth with one single integration. Klarna offers a wide range of payment options, including Pay in Full, a hassle-free transaction for those who want to pay the full amount of their order upfront, Pay in 4, which allows customers to split their purchase into four interest-free payments, as well as Fair Financing, which offers flexible payment plans for larger purchases. The partnership furthers BigCommerce and Klarna's mutual mission to help brands and retailers optimize their checkouts and conversion rates by offering payment flexibility and making large purchases more accessible to consumers. 'BigCommerce is committed to empowering merchants with the flexibility and tools they need to grow on their own terms,' said Michaela Weber, senior vice president of strategic business development and general manager of payments at BigCommerce. 'Klarna's extensive global reach, trusted brand and shopper-first approach make them an ideal partner for our merchants. Together, we are expanding access to flexible payment solutions that drive conversion and customer loyalty across international markets.' 'Today's consumers expect greater flexibility and convenience in how they pay,' said David Sykes, chief commercial officer at Klarna. 'Our partnership with BigCommerce enables brands and retailers to streamline their operations through a single global solution, eliminating the need for fragmented regional providers and delivering a smooth, scalable experience for businesses and their customers alike.' Klarna is natively integrated to BigCommerce and can be easily enabled for the brands, retailers, manufacturers, distributors and other merchants that choose to use it. As a native integration, it is also maintained by BigCommerce's development team, making it a great option for merchants that need checkout customizations and flexibility. 'Implementing Klarna with our BigCommerce store has been a big asset to our strategy to provide a market-leading purchasing experience,' said Jon Cleaver, CTO at a leading UK-based online running shoes, running clothing and outdoor gear retailer. 'Our customers appreciate the flexibility it gives them, and it in turn has helped maintain position as an unrivalled retailer in the running, fitness and outdoor communities.'
