First Abu Dhabi Bank (FAB) and Mastercard have just birthed their latest financial marvel – the SlicePay card, flaunting the Buy Now, Pay Later (BNPL) mantra. This dynamic duo is not just pushing boundaries; they're smashing them with a strategic partnership that introduces the Mastercard Installments Program to the Eastern Europe, Middle East, and Africa (EEMEA) region.
The BNPL Game Changer: SlicePay Unleashed
SlicePay, an offering fresh from the Mastercard Installments Program, offers FAB customers, offering instant approval and a digital-only card that's ready to explode across the UAE's shopping scene. This BNPL solution elegantly slices purchases into four interest-free installments, ushering in a new era of overspending.
Split Payments, Not Dreams
With the SlicePay card FAB customers can indulge in instant purchases, especially for those tempting big-ticket items, without incurring extra expenses. Mastercard's vast acceptance and reach add a layer of assurance, ensuring that every swipe comes with the backing of Mastercard's legendary consumer protections.
Mastercard are the darlings of collaboration, and this isn’t their first BNPL experience. They get around, but they also offer impressive levels of support and know-how.
SlicePay: The Future of FAB Finance
In a world where flexibility is key, SlicePay emerges as the solution for digitally savvy customers. Rudy Sudarsono, SVP and Head of Cards at FAB, said, “By joining forces with Mastercard through SlicePay, we are ushering in a newer, more innovative way to buy now, pay later for our digitally savvy customers, who can now split their payments , not their plans. At FAB, we foresee that SlicePay will resonate strongly with the evolving needs of both UAE consumers and merchants, as it brings with it an additional layer of convenience and assurance to the entire payments landscape.”
SlicePay and the BNPL Surge in MEA
Data by Juniper Research unveils the rise of buy now, pay later solutions in the Middle East and Africa (MEA). While global BNPL transactions forecast a CAGR of 31% from 2022 to 2027, the MEA region flaunts an estimated CAGR of 44%. As the MEA region dances to a 1010% growth in digital BNPL transactions, SlicePay struts into the scene as the new trendsetter, ensuring you slay in style, one payment at a time.
