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Commercial Bank of Dubai has approved a debt financing deal with Postpay, an omni-channel Buy Now, Pay Later provider in the Middle East, according to a media release. This inaugural debt financing arrangement is another example of how FinTech and traditional banks are partnering to leverage their collective experience and expertise to enhance the suite of financial products offered in the market.

TSLC which has created a unique Artificial Intelligence (AI) and Machine-Learning-powered credit enablement platform, announced the addition of two senior executives to its global leadership team as it grows into emerging and frontier countries.

Shopping for holidays are more exciting with new Jumbo Electronics services. Many people in UAE will be seeking for right gift for their friends and family over the festive season. In-store shoppers may explore, touch, and discover the enormous selection of gadgets and appliances for which Jumbo is known. Shoppers can opt for ordering things online or at nearby store.

Consumers spent $74 billion in first three weeks of November (up 10% YoY) and $297 billion internationally, signaling start of the holiday shopping season. Black Friday was the biggest single shopping day of Cyber Week.

Through a three-step sign up at the point of sale, the fintech startup has introduced a QR-code based experience that allows users to acquire credit approval instantly. They see codes as beneficial to both businesses and consumers; instant and contactless customer touchpoints will allow all customers to scan the code, register, and choose to split their payments on the spot.

The eCommerce market in MENAP is growing at an exponential rate, according to the report. In 2020, 47% of customers predicted that they would buy online more regularly in the coming year. In 2021, about 83 percent of respondents indicate they'll keep or even increase their present level of eCommerce spending through 2022, indicating a permanent shift in consumer behavior.

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