Moreover, growing preference for cashless transaction is boosting the adoption of buy now pay later platform in the MENA and CIS region. Market DynamicsBuy now pay later platforms allow the user to purchase the item instantaneously and pay for that product in installments. Many buy now pay later platforms do not charge interest for the desired period of time. In addition, many MENA-based technology players are engaged in launching advanced buy now pay later platforms. For instance, in May 2020, Dubai-based financial technology company Spotii launched a buy now pay later platform in the United Arab Emirates.

Source: The North Africa Journal June 14, 2022 13:39 UTC