What exactly is a Tabby App?

Tabby is the name given to the software that allows you to buy now and pay later. The application was made available in 2020. It has received over 1.5 million downloads in the last two years, according to a report.

 

One of the most obvious advantages is the ability to pay later. The best thing about these apps is that the majority of online retailers, including but not limited to Shine, Amazon, and AliExpress, support them.

 

Tabby is a Buy Now, Pay Later (BNPL) service provider based in Dubai that serves Saudi Arabia and the UAE. Platform users can shop whenever they want and pay later. H&M, IKEA, Sheen, Ali Express, Namshi, and many other well-known retailers have collaborated with Tabby. With over 400,000 active users and 3000 daily downloads, Tabby has grown to be the leading BNPL service provider in the UAE.

 

Customers can use Tabby to have items delivered to their homes without having to pay the full price up front. Customers can use the app to make in-store and online purchases and make interest-free installment payments.

 

Many organisations and consumers now use the app because it provides secure payment options without transaction glitches or fund processing delays.

 

These apps are easy to use. Now we'll go over how the Tabby app works.

How Does a Tabby App Work?

Tabby is a popular fintech programme in Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates. On Tabby's well-known online shopping platform, users can examine products in many product categories (including Fashion, Beauty, Home, Gifts & Gadgets, Baby & Toys, Travel & Tourism, and Sports & Gaming) and browse their favourite brands.

 

Users can browse cashback deals from various companies, visit online stores, shop, and receive attractive cashback from the seller using the programme. Well-known apps, such as Tabby, offer effective payment services that are convenient, simple, and trouble-free.

 

How does an app like Tabby function?

 

The BNPL system is primarily used to make payments for small-ticket items over a short period of time, typically 2 to 4 months. These payments are not subject to interest in the short term. If you choose a longer term, however, interest may be charged.

 

For example, if your bill was $100, you could pay it off in four $25 installments with no interest. This system has had an impact on the traditional credit card industry.

 

There are no additional interest charges added to the account, but if you miss a payment, you will be charged a significant late fee.

 

As more businesses partner with BNPL service applications, BNPL services are becoming more widely used around the world. According to WorldPay research, BNPL is expected to account for $97 billion in total e-commerce sales this year. Users report that BNPL assists them in managing their finances. In the United Kingdom alone, BNPL applications have saved £103 million or $139 million in credit card debt.

 

BNPL applications assess a user's purchasing power using their own set of algorithms rather than just the traditional credit score, allowing even customers with low credit scores to use their services.

 

A shopping trip can be described as follows:

Purchase Favorite Brands

Tabby carries items from over a hundred different brands, ranging from Adidas to IKEA. Consumers occasionally discover new businesses and maximise the value of their purchases.

Purchase Now and Pay Later

The best feature is the payment option, which allows users to divide the purchase into four interest-free installments.

Get Special Discounts

Customers can take advantage of numerous exclusive offers and discounts from their preferred brands.

Take Care of the Payments

Customers can keep track of all their purchases, including upcoming bills and updated payment options, in one place. They are also notified about upcoming payments.

 

Users can begin shopping from Tabby after downloading the app. The entire procedure is outlined below:

The user downloads the app and then shows their Emirates ID to verify their identity.

Following approval, the customer can proceed with the purchase and designate Tabby as the beneficiary during the checkout process.

The customer is then given the option of paying in 14 days or in four installments.

Tabby immediately pays the merchant after deducting the commission.

After completing all processes, the customer will begin paying Tabby the agreed-upon monthly amount.

Tabby and other Buy Now Pay Later apps provide the best features.

To create an app like Tabby, one must be familiar with all aspects of it, from the most basic to the most complex.

 

The following are some of the features that have contributed to the app's explosive growth:

Verification & Login

Automatic Deductions for Advance Payments

Security

Guest Appearance

Account management

Reminders

Stores highlighted

Cashback

We will go over the Buy Now Pay Later app's main features one by one. So, let's take a closer look at all of the features listed below.

Also read : Mobile App development Company  

 

Verification & Login

The first and most important feature is safe and secure signup. Users should be able to sign up for the app using their phone numbers. For security reasons, ask users for their National Identification Number. Once they provide it, the application must complete the verification process.

Advance Payment

The app allows users to pay their bills in installments even if the due date has not passed. The function is essential for making the mobile application extremely user-friendly.

Deductions Made Automatically

Another feature that assists the software in reaching its full potential is automatic deduction. Users of the app can manually enable the automatic deductions functionality, after which it will automatically deduct prices from the selected card. Users can also add additional cards and switch them as needed.

Security

According to a report, the number of e-commerce fraud operations increased by 30% while sales increased by 16%. These figures demonstrate the critical importance of incorporating security measures into e-commerce systems, particularly for secure transactions.

 

The key to protecting apps from hacker attacks and data loss is to include robust and efficient security features. Data encryption, two-factor authentication, and other laws are used to build a secure and dependable buy-now-pay app.

Appearance by a Guest

Tabby has a large population due to its user-friendly features. A guest appearance is one example. Customers can use the app without creating an account, and they can sign up later while making purchases.

Management of Accounts

Customers frequently lose track of previous purchases and related information. The platform was able to resolve this issue by displaying the customer's account information, which included their purchase history, payment dates, and other relevant data. The app's popularity has skyrocketed as a result of its user-interface design.

Reminders

The BNPL app's next important feature is reminders. Reminders, like push alerts, exist. Customers are kept informed about upcoming bill payments and due dates, allowing them to pay on time and avoid overdrafts. By increasing the client's trust in the app, the feature set successfully demonstrates its value.

Traders on Display

Another critical aspect of the BNPL application is the integration of specialised segments or departments of featured retailers. This built-in feature highlights the most prominent brands with which the app has collaborated. The feature simplifies navigation by eliminating the need for users to search for their preferred retailers.

Cashback

A Mozo study found that 30% of BNPL app users make multiple purchases from the marketplace in order to earn points or cashback. As a result, the cashback feature is yet another component for a flawless user experience.

Also read : Mobile App development Company in Dubai