techrar and Tamara Signed a Joint Cooperation Agreement to Provide Split Payment Services to E-Commerce Customers

techrar, the leading e-commerce company for subscription solutions in the Kingdom of Saudi Arabia, has announced its collaboration with Tamara, the leading fintech platform and the first billion-dollar Saudi fintech company in the field of payment splitting in Saudi Arabia, to launch the “Buy Now, Pay Later” payment service. This service provides customers with the flexibility to split payment amounts in Shariah-compliant ways.

This program is designed to help merchants offer flexible payment solutions through the techrar platform, providing their customers with Shariah-compliant flexible payment solutions that assist them in budgeting their expenses.

Customers can purchase from various e-commerce stores offered by techrar, where Tamara provides the option to either pay in full or split the payment amount into four installments, without late fees and compliant with Shariah. The “Buy Now, Pay Later” service has transformed the payment and shopping experience, offering a more flexible alternative compared to traditional payment methods such as debit and credit cards.

The co-founder and CEO of techrar, Engineer Ahmed Salama, stated: “Our goal is to enable e-commerce in the Kingdom by providing integrated solutions for e-commerce stores and subscription service providers. This strategic partnership with Tamara will enable our valued merchants to offer more payment options and the option to buy now and pay later, allowing their customers to split payments. This service has proven effective in increasing basket value and the number of store customers, positively contributing to store revenues.”

techrar offers integrated technical solutions for e-commerce stores, including subscription management and marketing, customer service, electronic payment solutions, and order processing. techrar aims to process transactions worth billions of riyals in the coming years.

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