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New partnership empowers businesses with flexible payment solutions
New partnership empowers businesses with flexible payment solutions

Arab News

time2 days ago

  • Business
  • Arab News

New partnership empowers businesses with flexible payment solutions

Amazon Payment Services, a regional leader in digital payments across the Middle East and North Africa, has added Tamara, a leading 'buy now, pay later' provider in the GCC, to its expanding suite of flexible payment options. As a new split payments partner, Tamara enables businesses in Saudi Arabia and the UAE to offer seamless, flexible payment experiences to their customers. The partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. With BNPL demand on the rise across the region, Tamara's inclusion in the Amazon Payment Services portfolio is a timely move to meet these growing consumer expectations and enhance the overall customer journey. With BNPL adoption accelerating, industries such as airlines, e-commerce, healthcare, insurance, education, fashion, and lifestyle stand to benefit from Tamara's Shariah-compliant flexible payment solutions. With Tamara, customers can split their payments into four equal installments — a feature designed to boost sales, reduce cart abandonment, and enhance customer satisfaction. Merchants, in turn, will benefit from larger basket sizes, improved conversion rates, and an enhanced shopping experience for their customers. Peter George, managing director of Amazon Payment Services MENA, said: 'As more consumers across the region look for affordable ways to manage their purchases, BNPL solutions are becoming more and more indispensable for merchants. Partnering up with Tamara, a leading split payments provider, was a natural next step in our commitment to empowering diverse businesses as they navigate today's digital payments space. With this expansion of our offering, we are thrilled to unlock new revenue streams for businesses, help them deliver more value to their customers, and ultimately grow their online business.' Sami Louali, EVP and chief revenue officer at Tamara, added: 'At Tamara, we're focused on creating a payment experience that benefits both businesses and consumers. Partnering with Amazon Payment Services allows us to expand our reach across the UAE and Saudi Arabia — supporting business growth and delivering a hassle-free, flexible payment solution for consumers. This partnership marks an exciting milestone in our mission to meet the changing needs of merchants and their customers while driving loyalty and sales.' Amazon Payment Services already offers a range of BNPL services and credit card installment options in partnership with more than 25 banks across the Kingdom, UAE, Egypt, and Jordan, allowing customers to split payments over terms of up to 36 months. With Tamara's inclusion, Amazon Payment Services can now cater to a wider audience, including customers who prefer to use either debit or credit cards. This partnership ensures that merchants in the Kingdom and UAE have the tools they need to offer a seamless, flexible payment experience to their customers. With a single integration, businesses gain access to a wide range of payment options, advanced reporting dashboards, and streamlined reconciliation processes, keeping them ahead of the curve in the fast-paced digital payments landscape.

Two raises €13m to scale B2B payments
Two raises €13m to scale B2B payments

Finextra

time6 days ago

  • Business
  • Finextra

Two raises €13m to scale B2B payments

Two Funding has reached €13 million, led by Idékapital and Shine Capital, with participation from new investor Investinor and existing backers Antler, Sequoia Capital, Alliance Ventures, Arkwright, and Local Globe. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This brings Two's total funding to over €40 million to date. The fintech company based in Norway helps businesses offer flexible payment terms. The new money will help it speed up the development of its products, the onboarding of merchants, and its reach around the world. The fresh investment will fuel Two's expansion into the US and select Western European markets. Less than three months after its official launch in the US, the market already represents more than 20% of total revenue for the company. The funding will also support further development of Two's fully productised B2B payments infrastructure, which includes its proprietary risk engines, Frida and Delphi, an end-to-end business onboarding solution and embedded deferred payment capabilities tailored specifically for business transactions, already deployed by over 200 of merchants across the Nordics and Europe. Founded in 2021, Two was created with a bold mission of making B2B transactions as seamless as consumer checkouts. Its platform offers instant upfront payments to sellers, flexible net terms for buyers, and AI-powered fraud prevention. With rapid adoption across both large enterprises and SMEs, Two's infrastructure has already become the go-to standard for B2B commerce in Northern Europe. With this funding, Two wants to improve its credit decision engine, make integrations stronger, and work with more suppliers around the world. The latest round comes amid accelerating momentum for the company, with both revenue and payment volume projected to grow more than 150% year-over-year in 2025. Two has also entered into major partnerships with Visa, ABN AMRO, Qliro, Avarda, and Wikinggruppen over the past six months. The company is riding the broader wave of digitisation in B2B payments, as businesses seek modern, scalable infrastructure to replace fragmented and manual processes, much like the shift that occurred in consumer fintech over the past decade. Demand for flexible B2B payment terms is surging. According to Allianz Trade, 95% of B2B buyers now prefer to pay per invoice, yet fewer than 10% of sellers are equipped to offer it online. With the B2B e-commerce market expected to double to $48 trillion by 2030 – making it six times the size of the B2C market – the need for embedded, scalable, and credit-insured payment infrastructure has never been more urgent. Two's advanced underwriting technology and growing global presence position it to lead this transformation and meet the evolving expectations of modern business buyers. Andreas Mjelde, CEO & co-founder of Two, said: 'We are the 'Two' in B2B, and we're on a mission to make selling on net terms as easy as accepting card payments. We've proven that merchants want flexible payment solutions built for how businesses actually buy, not just consumer tools rebranded for B2B. We will leverage the capital injection to scale with large and global enterprise businesses, and we're excited to add strong institutional investors with a long-term investment horizon like Investinor and Idékapital to the team.' Kristian Øvsthus, Managing Partner at Idékapital – who will serve as a board observer, added: 'We invested in Two because of the exceptional ambition and talent of the founding team. With deep international experience and a diverse, world-class team, they are uniquely positioned to scale globally. B2B payments is a massive and still largely untapped market. Two stands out through their combination of a powerful and modular software, deep understanding of the network effects in their industry and their dedication to solving a big problem. We believe they have what it takes to build a global category leader.' Mo Koyfman, Founder & General Partner at Shine Capital, noted: 'The B2B payments market is approaching $100 trillion in volume, and is largely still processed with checks by Accounts Payable departments. Over the coming years, as we've increasingly seen with consumer payments, this market will also digitise. Two, and its experienced, ambitious team, is helping lead this transition with instant underwriting, seamless terms, and a global footprint, serving some of the largest companies in the world.' Egil Garberg, Investment Director at Investinor, said: 'Two is proving that B2B payments don't need to lag behind consumer solutions. They're tackling an underserved market with a world-class team and scalable technology. Together with Sequoia, Shine Capital, Idékapital, and Antler, we're proud to back Two as they build the next global standout fintech success from Norway.' Mathias Owing Maanum, Partner at Antler, said 'B2B payments remain one of the largest untapped opportunities in fintech – trillions in volume still move through manual processes, with poor UX and limited access to credit. Two's platform is at the forefront, making it as simple to offer instant net terms as it is to accept a card from consumers. What sets Two apart is their real-time underwriting engine, unique banking partnerships, and proven ability to scale rapidly – already serving more than 200 merchants across Europe. We believe they're building the foundational infrastructure for the next era of global B2B commerce, and we're proud to continue supporting this exceptional team as they realise their bold vision.' This new round of Two Funding is a big step forward for the company's global growth and will help it change the way B2B payments are made.

Tamara to provide BNPL payment services to Amazon in the Middle East
Tamara to provide BNPL payment services to Amazon in the Middle East

Finextra

time10-07-2025

  • Business
  • Finextra

Tamara to provide BNPL payment services to Amazon in the Middle East

Amazon Payment Services, the regional leader in digital payments across the Middle East and North Africa (MENA), has added Tamara, the GCC's leading Buy Now, Pay Later (BNPL) provider, to its expanding suite of flexible payment options. 0 As a new split payments partner, Tamara enables businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer seamless, flexible payment experiences to their customers. The partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. With Buy Now, Pay Later (BNPL) demand on the rise across the region, Tamara's inclusion in the Amazon Payment Services portfolio is a timely move to meet these growing consumer expectations and enhance the overall customer journey. Tamara's Flexible Payment Solutions: Empowering Merchants Across Key Sectors With BNPL adoption accelerating, industries such as airlines, e-commerce, healthcare, insurance, education, fashion, and lifestyle stand to benefit from Tamara's Sharia-compliant flexible payment solutions. With Tamara, customers can split their payments into four equal installments—a feature designed to boost sales, reduce cart abandonment, and enhance customer satisfaction. Merchants, in turn, will benefit from larger basket sizes, improved conversion rates, and an enhanced shopping experience for their customers. Peter George, Managing Director of Amazon Payment Services MENA, said: 'As more consumers across the region look for affordable ways to manage their purchases, BNPL solutions are becoming more and more indispensable for merchants. Partnering up with Tamara, a leading split payments provider, was a natural next step in our commitment to empowering diverse businesses as they navigate today's digital payments space. With this expansion of our offering, we are thrilled to unlock new revenue streams for businesses, help them deliver more value to their customers, and ultimately grow their online business.' Sami Louali, EVP and Chief Revenue Officer at Tamara, added: 'At Tamara, we're focused on creating a payment experience that benefits both businesses and consumers. Partnering with Amazon Payment Services allows us to expand our reach across the UAE and Saudi Arabia—supporting business growth and delivering a hassle-free, flexible payment solution for consumers. This partnership marks an exciting milestone in our mission to meet the changing needs of merchants and their customers while driving loyalty and sales.' Meeting Consumer Demand in the UAE and KSA A major driver behind the partnership is the rising demand for flexible payment options in both the UAE and Saudi Arabia. In KSA, BNPL has seen strong consumer uptake, with shoppers seeking ways to spread payments over time. Tamara's Sharia-compliant offerings provide transparent, accessible solutions aligned with local values. Likewise, UAE consumers benefit from flexible payments with no late fees, enabling more confident big-ticket purchases. Expanding Amazon Payment Services' Affordability Suite Tamara's integration into Amazon Payment Services' portfolio represents a significant expansion of the company's affordable payment options. Amazon Payment Services already offers a range of BNPL services and credit card installment options in partnership with more than 25 leading banks across the UAE, KSA, Egypt, and Jordan, allowing customers to split payments over terms of up to 36 months. With Tamara's inclusion, Amazon Payment Services can now cater to a wider audience, including customers who prefer to use either debit or credit cards. Unlocking New Opportunities for Merchants This partnership ensures that merchants in the UAE and KSA have the tools they need to offer a seamless, flexible payment experience to their customers. With a single integration, businesses gain access to a wide range of payment options, advanced reporting dashboards, and streamlined reconciliation processes, keeping them ahead of the curve in the fast-paced digital payments landscape.

Amazon Payment Services Partners with Tamara to Offer Seamless Split Payments for Merchants in the UAE and Saudi Arabia
Amazon Payment Services Partners with Tamara to Offer Seamless Split Payments for Merchants in the UAE and Saudi Arabia

Al Bawaba

time10-07-2025

  • Business
  • Al Bawaba

Amazon Payment Services Partners with Tamara to Offer Seamless Split Payments for Merchants in the UAE and Saudi Arabia

Amazon Payment Services, the regional leader in digital payments across the Middle East and North Africa (MENA), has added Tamara, the GCC's leading Buy Now, Pay Later (BNPL) provider, to its expanding suite of flexible payment options. As a new split payments partner, Tamara enables businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer seamless, flexible payment experiences to their partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. With Buy Now, Pay Later (BNPL) demand on the rise across the region, Tamara's inclusion in the Amazon Payment Services portfolio is a timely move to meet these growing consumer expectations and enhance the overall customer Flexible Payment Solutions: Empowering Merchants Across Key SectorsWith BNPL adoption accelerating, industries such as airlines, e-commerce, healthcare, insurance, education, fashion, and lifestyle stand to benefit from Tamara's Sharia-compliant flexible payment solutions. With Tamara, customers can split their payments into four equal installments—a feature designed to boost sales, reduce cart abandonment, and enhance customer satisfaction. Merchants, in turn, will benefit from larger basket sizes, improved conversion rates, and an enhanced shopping experience for their George, Managing Director of Amazon Payment Services MENA, said: 'As more consumers across the region look for affordable ways to manage their purchases, BNPL solutions are becoming more and more indispensable for merchants. Partnering up with Tamara, a leading split payments provider, was a natural next step in our commitment to empowering diverse businesses as they navigate today's digital payments space. With this expansion of our offering, we are thrilled to unlock new revenue streams for businesses, help them deliver more value to their customers, and ultimately grow their online business.'Sami Louali, EVP and Chief Revenue Officer at Tamara, added: 'At Tamara, we're focused on creating a payment experience that benefits both businesses and consumers. Partnering with Amazon Payment Services allows us to expand our reach across the UAE and Saudi Arabia—supporting business growth and delivering a hassle-free, flexible payment solution for consumers. This partnership marks an exciting milestone in our mission to meet the changing needs of merchants and their customers while driving loyalty and sales.'Meeting Consumer Demand in the UAE and KSAA major driver behind the partnership is the rising demand for flexible payment options in both the UAE and Saudi Arabia. In KSA, BNPL has seen strong consumer uptake, with shoppers seeking ways to spread payments over time. Tamara's Sharia-compliant offerings provide transparent, accessible solutions aligned with local values. Likewise, UAE consumers benefit from flexible payments with no late fees, enabling more confident big-ticket Amazon Payment Services' Affordability SuiteTamara's integration into Amazon Payment Services' portfolio represents a significant expansion of the company's affordable payment options. Amazon Payment Services already offers a range of BNPL services and credit card installment options in partnership with more than 25 leading banks across the UAE, KSA, Egypt, and Jordan, allowing customers to split payments over terms of up to 36 months. With Tamara's inclusion, Amazon Payment Services can now cater to a wider audience, including customers who prefer to use either debit or credit cards. Unlocking New Opportunities for Merchants This partnership ensures that merchants in the UAE and KSA have the tools they need to offer a seamless, flexible payment experience to their customers. With a single integration, businesses gain access to a wide range of payment options, advanced reporting dashboards, and streamlined reconciliation processes, keeping them ahead of the curve in the fast-paced digital payments landscape.

Amazon Payment Services partners with Tamara to offer seamless split payments for merchants in the UAE and Saudi Arabia
Amazon Payment Services partners with Tamara to offer seamless split payments for merchants in the UAE and Saudi Arabia

Zawya

time09-07-2025

  • Business
  • Zawya

Amazon Payment Services partners with Tamara to offer seamless split payments for merchants in the UAE and Saudi Arabia

Seamless integration of Tamara will enable businesses in the UAE and KSA to provide flexible payment options, generate broader customer reach, and enhance customer conversion rates Merchants in the Amazon Payment Services network now have even more ways to deliver a simple and flexible payment experience Riyadh, Saudi Arabia – Amazon Payment Services, the regional leader in digital payments across the Middle East and North Africa (MENA), has added Tamara, the GCC's leading Buy Now, Pay Later (BNPL) provider, to its expanding suite of flexible payment options. As a new split payments partner, Tamara enables businesses in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) to offer seamless, flexible payment experiences to their customers. The partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. With Buy Now, Pay Later (BNPL) demand on the rise across the region, Tamara's inclusion in the Amazon Payment Services portfolio is a timely move to meet these growing consumer expectations and enhance the overall customer journey. Tamara's Flexible Payment Solutions: Empowering Merchants Across Key Sectors With BNPL adoption accelerating, industries such as airlines, e-commerce, healthcare, insurance, education, fashion, and lifestyle stand to benefit from Tamara's Sharia-compliant flexible payment solutions. With Tamara, customers can split their payments into four equal installments—a feature designed to boost sales, reduce cart abandonment, and enhance customer satisfaction. Merchants, in turn, will benefit from larger basket sizes, improved conversion rates, and an enhanced shopping experience for their customers. Peter George, Managing Director of Amazon Payment Services MENA, said: 'As more consumers across the region look for affordable ways to manage their purchases, BNPL solutions are becoming more and more indispensable for merchants. Partnering up with Tamara, a leading split payments provider, was a natural next step in our commitment to empowering diverse businesses as they navigate today's digital payments space. With this expansion of our offering, we are thrilled to unlock new revenue streams for businesses, help them deliver more value to their customers, and ultimately grow their online business.' Sami Louali, EVP and Chief Revenue Officer at Tamara, added: 'At Tamara, we're focused on creating a payment experience that benefits both businesses and consumers. Partnering with Amazon Payment Services allows us to expand our reach across the UAE and Saudi Arabia—supporting business growth and delivering a hassle-free, flexible payment solution for consumers. This partnership marks an exciting milestone in our mission to meet the changing needs of merchants and their customers while driving loyalty and sales.' Meeting Consumer Demand in the UAE and KSA A major driver behind the partnership is the rising demand for flexible payment options in both the UAE and Saudi Arabia. In KSA, BNPL has seen strong consumer uptake, with shoppers seeking ways to spread payments over time. Tamara's Sharia-compliant offerings provide transparent, accessible solutions aligned with local values. Likewise, UAE consumers benefit from flexible payments with no late fees, enabling more confident big-ticket purchases. Expanding Amazon Payment Services' Affordability Suite Tamara's integration into Amazon Payment Services' portfolio represents a significant expansion of the company's affordable payment options. Amazon Payment Services already offers a range of BNPL services and credit card installment options in partnership with more than 25 leading banks across the UAE, KSA, Egypt, and Jordan, allowing customers to split payments over terms of up to 36 months. With Tamara's inclusion, Amazon Payment Services can now cater to a wider audience, including customers who prefer to use either debit or credit cards. Unlocking New Opportunities for Merchants This partnership ensures that merchants in the UAE and KSA have the tools they need to offer a seamless, flexible payment experience to their customers. With a single integration, businesses gain access to a wide range of payment options, advanced reporting dashboards, and streamlined reconciliation processes, keeping them ahead of the curve in the fast-paced digital payments landscape. Amazon Payment Services is a regional leader in digital payments operating across the Middle East and North Africa (MENA) region with a mission to empower online businesses through a simple, affordable, and trusted payment experience. Designed to enable businesses to unlock and optimize their online presence, Amazon Payment Services provides secure digital payment services and solutions that are easy to use, including tokenization technology, local payment methods, third-party services such as advanced fraud tools, instalment plans such as Buy-Now-Pay-Later, digital wallets, and reporting APIs, as well as cutting-edge consumer payments insights.

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