ToYou is the First Super App in Saudi Arabia to Implement the Innovative Buy Now Pay Later Feature
Riyadh, Saudi Arabia, December 05, 2023: ToYou, a Saudi-based super app, has significantly enhanced the online shopping experience by introducing the Buy Now Pay Later (BNPL) feature. Launched in January 2023, ToYou is the first to adopt this payment solution, influencing others to follow. With its convenience and flexibility, ToYou Pay Later has transformed how customers shop and pay for purchases.
To avail themselves of the ToYou Pay Later feature, customers can select the option during the checkout process on the ToYou Super app. No additional charges or fees are associated with this feature, making it an attractive choice for users. The ToYou Pay Later feature is available across all cities in Saudi Arabia, offering convenience and accessibility to customers nationwide.
Introducing the BNPL feature on ToYou empowers customers to order and pay for the desired products later. This flexibility allows individuals to manage their finances more efficiently and purchase without immediate payment constraints. Customers can now shop quickly and conveniently, whether for a spontaneous treat or a planned purchase.
Ziyad Al-Ajlan, CCO, ToYou, asserted: 'Our commitment to providing convenience and flexibility to our customers while ensuring they receive top-quality service spurred our adoption of the BNPL feature. The ToYou Pay Later feature has been pivotal in our success, increasing customer satisfaction by embracing this innovative payment solution.”
He added: “Introducing the ToYou Pay Later feature aligns with our mission to innovate and continuously provide our customers with cutting-edge solutions. As the demand for flexible payment options rises, ToYou is at the forefront of meeting these evolving consumer needs.”
A survey conducted by Research and Markets, published at the end of 2022, revealed that the BNPL payments sector in Saudi Arabia is expected to grow by over 80% during 2022. The same research also forecasted a CAGR of over 40% from 2022 to 2028, including a gross merchandise value of over US $5 billion. The overall global BNPL Gross Merchandise Value is expected to increase from a base of US $433.7 billion in 2022 to a staggering US $960.6 billion growth by 2028 – emphasizing the growth potential of BNPLs not only in the Saudi market but also globally.
ToYou is further propelling the growth of e-commerce in Saudi Arabia and catering to the evolving needs of its tech-savvy customers.
Home >> Business and Economy Section
"Discover Aseer" Hosts HIGHLANDER During First-Ever Hiking Adventure i ...
Snap reveals Saudi National Day's ‘Kingdom's Lenscape' AR Campaign reaches 10 m ...
Ring in 2025 with an Unforgettable Celebration at Zuma Riyadh
Turkish Airlines Sets Guinness World Records™ title for the “Most Countries Flow ...
The Saudi Arabian Football Federation bids farewell to Monika Staab, inspiration ...
ORGATEC WORKSPACE Saudi Arabia from 2025 in Riyadh
Diriyah Company Marks New Hospitality Milestone with the Opening of Bab Samhan, ...
DCO and GCC host 4th Diplomatic Connect to bring digital economy stakeholders to ...
Extreme Lashes, Extreme Style: essence Goes Bold and Blue for the New Year
Get Ready to Shine – Catrice Drops the Melt & Shine Juicy Lip Balms
Almana Hospital Al-Khobar Successfully Completes Complex 16-Hour Maxillofacial S ...
Digital Corporation Organization issues joint statement on Misinformation and th ...
JHAH Leads Dialogue on Population Health and Value-Based Care, Advancing Vision ...
LHG hotels & resorts opens its first VOCO hotel in Jeddah
Zuma Riyadh Officially Opens Its Doors in Saudi Arabia
Dolce&Gabbana unveils luxury boutique and café at Bujairi Terrace in Diriyah
Accio Beauty! SHEGLAM Drops the Spellbinding Harry Potter™ 2.0 Collection
Hilton riyadh hotel & residences announces december promotions with exclusive di ...
Saudi Response Plus Medical provides robust emergency medical cover for Soundsto ...
Prince Mohammed bin Salman Royal Reserve Announces Discovery of Five Species New ...