Introducing the UAE ‘Buy Now, Pay Later’ Financing and Payments Option with Tabby
The UAE Ministry of Finance (MOF) has launched a new payment service in partnership with Tabby, which allows customers to pay government service fees and fines through authorized payment channels based on “Buy Now, Pay Later”.
The partnership marks the service’s first partnership with Tabby, a leading finance and procurement company operating across the Middle East and North Africa.
This initiative aims to simplify the payment of Federal Fawees and fines through flexible monthly installments, improving the customer experience while improving the efficiency of the Federal collection system.
UAE BUY now, pay latest service
Under the partnership, customers dealing with Federal agencies will be able to pay by location, with Tabby covering the full amount of fees or fines towards the appropriate government agency.
Customers will then return Tabby according to the terms agreed upon in the previous agreement.
MOF has confirmed that it has received the best commission rate for this service, which will only be borne by customers who choose to use the installation option.
The partnership expands the range of electronic payment solutions available across the country and supports ongoing efforts to advance financial inclusion and digital transformation.
Digital payments
Saeed Rashid Al Yatem, assistant secretary of the government budget and revenue sector at the Ministry of Finance, said the partnership shows the commitment of the service to accept the management of the Federal Revenue and to improve customer satisfaction.
He stressed that this move gives customers a flexible and secure way to meet financial obligations to government agencies, improving the efficiency of the entire group.
He added: “This collaboration represents a paradigm shift in the ongoing region of payment systems in sovereign organizations. We are committed to embracing new solutions and strategic partnerships to contribute to an integrated and sustainable financial infrastructure.
“This program will further our efforts to create the best payment systems through innovation and strategic collaboration.”
Hosam Arab, founder and CEO of Tabby, said, “This partnership marks a major step forward in providing our Hostby services as they include financial flexibility.”
The partnership includes all federal agencies
This new service will be applicable to all of the organization’s assets, giving customers greater flexibility in managing their financial obligations. Build on the Department’s efforts to launch pioneering digital initiatives that streamline processes, improve the evolution of projects and Connect Federal through a unified, advanced platform.
These efforts contribute to improving the management of Federal income and strengthening integration in all integrated financial services.
