FAB and Mastercard Unleash SlicePay: Purchase Now, Pay Later

First Abu Dhabi Financial institution (FAB) and
Mastercard have simply birthed their newest monetary marvel – the SlicePay card,
flaunting the Purchase Now, Pay Later (BNPL) mantra. This dynamic duo shouldn’t be
simply pushing boundaries; they’re smashing them with a strategic partnership
that introduces the Mastercard Installments Program to the Jap Europe,
Center East, and Africa (EEMEA) area.

SlicePay, an providing recent from
the Mastercard Installments Program, affords FAB clients, providing instantaneous
approval and a digital-only card that is able to explode throughout the UAE’s
purchasing scene. This BNPL
answer elegantly slices purchases into 4 interest-free installments,
ushering in a brand new period of overspending.

Break up Funds, Not Goals

With the SlicePay card FAB
clients can take pleasure in instantaneous purchases, particularly for these tempting
big-ticket gadgets, with out incurring further bills. Mastercard’s huge
acceptance and attain add a layer of assurance, making certain that each swipe comes
with the backing of Mastercard’s legendary client protections.

Mastercard are the darlings
of collaboration, and this isn’t their first BNPL expertise. They get
round, however additionally they provide spectacular ranges of help and know-how.

SlicePay: The Way forward for FAB
Finance

In
a world the place flexibility is essential, SlicePay emerges as the answer for
digitally savvy clients. Rudy Sudarsono, SVP and Head of Playing cards at FAB, mentioned, “By
becoming a member of forces with Mastercard by SlicePay, we’re ushering in a more moderen,
extra revolutionary method to purchase now, pay later for our digitally savvy clients,
who can now break up their funds
Funds

One of many bases of mediums of alternate within the trendy world, a cost constitutes the switch of a authorized forex or equal from one celebration in alternate for items or companies to a different entity. The funds trade has turn out to be a fixture of recent commerce, although the gamers concerned and technique of alternate have dramatically shifted over time.Particularly, a celebration making a cost is known as a payer, with the payee reflecting the person or entity receiving the cost. Most commonl

One of many bases of mediums of alternate within the trendy world, a cost constitutes the switch of a authorized forex or equal from one celebration in alternate for items or companies to a different entity. The funds trade has turn out to be a fixture of recent commerce, although the gamers concerned and technique of alternate have dramatically shifted over time.Particularly, a celebration making a cost is known as a payer, with the payee reflecting the person or entity receiving the cost. Most commonl
Learn this Time period, not their plans. At FAB, we foresee that
SlicePay will resonate strongly with the evolving wants of each UAE customers
and retailers, because it brings with it an extra layer of comfort and
assurance to all the funds panorama.”

SlicePay and the BNPL Surge in
MEA

Information
by Juniper Analysis unveils the rise of purchase now, pay later options within the
Center East and Africa (MEA). Whereas international BNPL transactions forecast a CAGR of
31% from 2022 to 2027, the MEA area flaunts an estimated CAGR of 44%. Because the
MEA area dances to a 1010% development in digital BNPL transactions, SlicePay
struts into the scene as the brand new trendsetter, making certain you slay in type, one
cost at a time.