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Generation Start-up: Tabby looks to the past to disrupt the future of online shopping


Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.
The launch of Tabby, an e-commerce start-up that offers the buy now pay later model, came at a fortuitous time – just before the coronavirus pandemic was beginning to spread around the world.
The company, which works on the layaway model that was pioneered by struggling retailers during the Great Depression, soon found a booming market after the pandemic affected consumer credit and drove people to shop more online.
The original layaway model was simple: customers who couldn’t afford to pay for merchandise in full could “lay it away” and pay for the item with a series of instalments, either weekly or monthly. Once it was paid off, they could take it home. ....

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MEED | The myth of the cashless economy


Contrary to predictions, cash is increasing alongside digital payments
In early 2020, UAE peer-to-peer mobile payments platform Ziina launched its offering with the hashtag #cashiscancelled. Any given week, particularly since the Covid-19 pandemic, the regional press is awash with reports of the e-payments revolution and the rise of the ‘cashless society’.
Yet while the financial technology (fintech), open banking and gig-economy crowd may be declaring the end of cash, cash-in-circulation has been on the rise around the world for several years.
A false binary
In the GCC, the payments industry has long been proclaiming what  sociologists describe as a ‘false binary’. Cash and digital payments are presented as alternatives, where the increase in digital payments must be at the expense of cash; and where cash is a thing of the past, digital payments are the future. ....

United Arab Emirates , United States , Africa Mena , Samer Srouji , World Bank , Arabian Business , Middle East , North Africa , Emirates Digital Wallet Klip , Dubai Economy , Latin America , Payments Report , Tanmia Capital , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , உலகம் வங்கி , அரேபியன் வணிக , நடுத்தர கிழக்கு , அமீரகங்கள் டிஜிட்டல் பணப்பை கிளிப் , துபாய் பொருளாதாரம் , லத்தீன் அமெரிக்கா , கொடுப்பனவுகள் அறிக்கை ,

Do Cardholders Want Second Look or Credit Help Program Options?


Do Cardholders Want Second Look or Credit Help Program Options?
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Second look products provide credit card applicants the opportunity to acquire a card more aligned with their financial standing, often without having to undergo another full application process. Auriemma Group’s latest issues of Cardbeat US® and The Payments Report uncovered how likely applicants are to take these secondary offers, and how interested they would be in programs that give them suggestions on how to improve their application before reapplying.
For merchants, offering an alternative second look credit product provides a means to boost topline sales and improves the otherwise negative customer experience of being declined by facilitating credit for those who need it. ....

New York , United States , City Of , United Kingdom , Carrie Luciano , Auriemma Group , Jaclyn Holmes Research Or Carrie Luciano Partnerships , Partnerships At Auriemma Group , Goldman Sachs , Payments Report , Apple Card , New York City , Jaclyn Holmes , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , கேரி லூசியானோ , ஒரிஎம்மா குழு , ஜாக்லின் ஹோம்ஸ் ஆராய்ச்சி அல்லது கேரி லூசியானோ கூட்டாண்மை , கூட்டாண்மை இல் ஒரிஎம்மா குழு , கோல்ட்மேன் சாக்ஸ் , கொடுப்பனவுகள் அறிக்கை , ஆப்பிள் அட்டை , புதியது யார்க் நகரம் , ஜாக்லின் ஹோம்ஸ் ,