Tabby secures Saudi finance licenses to expand consumer and SME lending

RIYADH: Saudi buy now, pay later provider Tabby has secured consumer finance and small and medium-sized enterprise finance licenses from the Kingdom’s central bank, enabling it to offer longer-term loans for higher-value purchases and working capital to businesses. The licenses are expected to move Tabby beyond short-term BNPL and support its ambition to become a broader financial services provider, according to Abdulaziz Saja, general manager of Tabby Saudi Arabia.

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