WeMENA adds payment instalment options with Spotii
WeMENA is adding an innovative new digital payment platform, Spotii, to help businesses on its platform offer payment flexibility for their customers. The latest feature offered by WeMENA is the result of a partnership with Spotii, a UAE-based start-up that aims to ease the burden of costly purchases.
A free WeMENA account brings easy, safe, online access to a myriad of products, and now members can set up their account with the confidence of knowing the cost of sometimes vital business purchases can be spread over four cost-free payments. After signing up for an account with Spotii – which only requires ID and payment card details, SMEs can now make purchases via WeMENA with a 25 percent upfront payment, followed by three equal payments made biweekly. Spotii’s “Shop Now, Pay Later” payment option doesn’t charge interest and there are zero fees when payments are made on time.
Pali Banwait, co-founder at WeMENA, commented, “We immediately saw synergies with Spotii, and were keen to work with them to provide another advantage for our ever-growing customer base. Spotii allows us to help the local SME market, by allowing them a less stressful way to maintain stock without the worry of the sometimes crippling initial outlay. We applaud the Spotii team for seamlessly integrating their fantastic concept with ours – this is truly a partnership made to benefit everyone, at a time when it’s most needed.”
Anuscha Iqbal, co-founder and CEO of Spotii, says: “WeMENA provides a unique value proposition to SMEs. We are thrilled to be partnering with them to enhance the offering. By allowing WeMENA’s clients to Shop Now and Pay Later, Spotii is providing small retailers with the ability to better manage their cash flow during these uncertain times.”
As well as the Spotii “Shop Now, Pay Later” concept, trade credit facilities are also available on WeMENA, further easing the burden of the current situation.