{"id":16528,"date":"2020-11-23T10:24:47","date_gmt":"2020-11-23T07:24:47","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=16528"},"modified":"2026-03-27T19:48:44","modified_gmt":"2026-03-27T16:48:44","slug":"mastercard-and-spotii-partner-to-enable-millions-of-consumers-across-gcc-to-buy-now-pay-later","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/mastercard-and-spotii-partner-to-enable-millions-of-consumers-across-gcc-to-buy-now-pay-later\/","title":{"rendered":"Mastercard and Spotii partner to enable millions of consumers across GCC to \u2018Buy Now Pay Later\u2019"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><strong><em>Spotii\u2019s Buy Now Pay Later service enables consumers to buy from over 600 merchants across the region with installment payments at zero cost and no hidden fees<\/em><\/strong><\/li><li><strong><em>Partnership will enable Spotii to expand its network to Mastercard\u2019s extensive merchant footprint across the GCC and MENA, offering consumers an intuitive, convenient budgeting tool<\/em><\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dubai, United Arab Emirates, 22 November 2020,\u00a0(<\/strong><a href=\"http:\/\/aetoswire.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>AETOS<\/strong><\/a>Wire):\u00a0As the \u2018Buy Now Pay Later\u2019 market continues to grow to $1.5 trillion worldwide1, Spotii has selected Mastercard as its exclusive payments BNPL partner in the region. The partnership will offer millions of consumers across the region flexible installment payment options with zero additional cost or hidden fees\u00a0through the web, in-store, or the\u00a0<a href=\"https:\/\/www.spotii.me\/mobile-app\" target=\"_blank\" rel=\"noreferrer noopener\">Spotii app<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spotii provides shoppers with the ability to Shop Now Pay Later with absolutely no cost or hidden fees. The goal is to support the regions ecommerce ecosystem and provide an extremely consumer friendly product that would support customers while helping merchants grow a loyal consumer base. Consumers get a budgeting tool that allows them to manage expenses over a period of time while merchants enjoy accelerated sales. Spotii merchants have reported that Spotii has driven an average order value increase of 50% and a conversion uplift of 40%.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Through the partnership, Spotii\u2019s services will extend to Mastercard\u2019s extensive merchant network. Additionally, Spotii and Mastercard will collaborate to introduce several new and technologically innovative digital payment products for shoppers in the region. With an intuitive and easy-to-use platform, consumers can easily sign up to become part of Spotii\u2019s platform and have the option of shopping in installment payment options at over 600 stores within the beauty and fashion sectors.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/mastercard-logo_1606026551.jpg\" alt=\"mastercard logo_1606026551\" class=\"wp-image-16529\" width=\"250\" height=\"194\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/mastercard-logo_1606026551.jpg 1000w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/mastercard-logo_1606026551-300x233.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/mastercard-logo_1606026551-768x596.jpg 768w\" sizes=\"(max-width: 250px) 100vw, 250px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFlexibility is a gamechanger in the world of e-commerce today. As a growing breed of sophisticated shoppers increasingly demands diversity in their payment options, Mastercard is committed to answering those needs. Our partnership with Spotii will propel the Buy Now Pay Later market in the region, enabling businesses to increase customer transactions and advance digitization, while giving consumers greater payment flexibility. At Mastercard, we want to connect consumers to their passions through many different convenient possibilities,\u201d said\u00a0<strong>Girish Nanda, Country Manager, UAE &amp; Oman,\u00a0<\/strong><a href=\"https:\/\/www.mastercard.ae\/en-ae.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Mastercard<\/strong><\/a><strong>.\u00a0<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-1024x277.jpg\" alt=\"Spotii Primary full logo_1606026551\" class=\"wp-image-16531\" width=\"256\" height=\"69\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-1024x277.jpg 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-300x81.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-768x208.jpg 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-1536x415.jpg 1536w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-2048x554.jpg 2048w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Spotii-Primary-full-logo_1606026551-1080x292.jpg 1080w\" sizes=\"(max-width: 256px) 100vw, 256px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSpotii\u2019s mission is to empower customers and enable them to enjoy their shopping experience without worrying about excessive costs and hidden fees. At the same time, our platform supports customer acquisition and revenue growth for business owners \u2013 it\u2019s a win-win. As today\u2019s youth continues to demand more flexibility and convenience with payments, we are excited to work with a partner that shares our values. With our first to market solutions in the UAE and KSA, we are rapidly expanding to all other GCC markets. Mastercard\u2019s footprint and payments expertise will allow us to grow our community centered on people and trust,\u201d said\u00a0<strong>Ziyaad Ahmed, Co-founder and COO\u00a0<\/strong><a href=\"http:\/\/www.spotii.me\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Spotii.<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><br>*Source:\u00a0<\/strong><a href=\"https:\/\/www.aetoswire.com\/news\/12369\/en\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>AETOSWire<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotii\u2019s Buy Now Pay Later service enables consumers to buy from over 600 merchants across the region with installment payments at zero cost and no hidden fees Partnership will enable Spotii to expand its network to Mastercard\u2019s extensive merchant footprint across the GCC and MENA, offering consumers an intuitive, convenient budgeting tool Dubai, United Arab [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"1","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-16528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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