Partnership aims to enhance trust in the digital ecosystem for small businesses regionally
DXBUY, UAE’s prime B2B e-commerce platform dedicated to small and medium businesses (SMBs) has announced a strategic partnership with tabby, the region's first and largest ‘Buy Now, Pay Later’ provider that counts some of the largest retail groups in the region as its partners.
The partnership with tabby is a strategic move for DXBUY’s growth and continuous effort towards supporting SMBs with their daily business buying needs.
tabby’s Buy Now Pay Later solution provides users the convenience of paying 14 days after their product has been delivered.
By choosing to pay with tabby, customers are not required to make any upfront payment, increasing their purchasing power and offers a truly beneficial alternative to Cash on Delivery.
The collective endeavor of both startups is to enhance trust in the digital ecosystem regionally and provide disruptive tech-enabled solutions to consumers.
Adnan Zubairi, CEO – DXBUY said: “Collaboration with tabby will expand the number of payment options available to SMBs through DXBUY, while offering transparent pricing and a fluid user experience.
"Our application along with tabby’s buy now and pay later option will enable our customers to make purchases with greater financial control and convenience,”
Tabby's CEO and co-founder, Hosam Arab commented: "We're excited to be working with the team at DXBUY to enable tabby's smart alternative to Cash on Delivery for their customers, in line with our mutual goal of reducing the region's heavy reliance on cash.
"Through this partnership, we're looking to also replicate the provision of informal and paperless short-term credit that neighborhood shops have been known to provide to some of their best customers."
DXBUY connects small businesses with manufacturers and wholesalers through a digital platform. It helps fill the gaps in the supply chain and provides a wide range of products by having multiple vendors and brands in one place.
Buyers can be assured of getting a great customer experience, cost-effective timely deliveries and could further benefit by frequent re-ordering, reducing their inventory levels to save on real estate space.
The Dubai-based brand has expanded its operations in Dubai, Sharjah and Ajman growing from 300 users in the first month of launch to more than 5000 verified businesses onboard in less than a year.
Rizwan Zubairi, COO – DXBUY commented: “We pride in backing our digital outreach with exceptional customer service via online and offline channels, providing our customers the best buying experience.
"We are on track to achieve 50,000 successful orders by the end of this year, with plans to service businesses across all seven emirates soon. We will have additional strategic hubs in Northern Emirates, Abu Dhabi and Al Ain by 2021.”
McKinsey & Company recently reported on the increasing trend of buyers preferring self-service due to COVID-19. As per the survey, 66% of B2B decision makers surveyed believe self-service is more important to customers than traditional sales interactions—an increase of 48% prior to the start of the pandemic.
Downloaded by more than 5000 local verified businesses, DXBUY app has since earned the trust of multiple SMBs including groceries, mini-marts, restaurants, cafeterias as well as few offices, clinics, stationery shops, cleaning supply and catering companies.