FAB and Mastercard Unleash SlicePay: Buy Now, Pay Later

<p>First Abu Dhabi Bank (FAB) and
Mastercard have just birthed their latest financial marvel – the SlicePay card,
flaunting the Buy Now, Pay Later (BNPL) mantra. This dynamic duo is not
just pushing boundaries; they're smashing them with a strategic partnership
that introduces the Mastercard Installments Program to the Eastern Europe,
Middle East, and Africa (EEMEA) region.</p><p>The BNPL Game Changer: SlicePay
Unleashed</p><p>SlicePay, an offering fresh from
the Mastercard Installments Program, offers FAB customers, offering instant
approval and a digital-only card that's ready to explode across the UAE's
shopping scene. This <a href="https://www.financemagnates.com/tag/bnpl/">BNPL
solution</a> elegantly slices purchases into four interest-free installments,
ushering in a new era of overspending.</p><p>Split Payments, Not Dreams</p><p>With the SlicePay card FAB
customers can indulge in instant purchases, especially for those tempting
big-ticket items, without incurring extra expenses. Mastercard's vast
acceptance and reach add a layer of assurance, ensuring that every swipe comes
with the backing of Mastercard's legendary consumer protections.</p><p>Mastercard are the <a href="https://www.financemagnates.com/trending/if-youre-a-psp-and-youre-not-with-mastercard-somethingswrong/">darlings
of collaboration</a>, and this isn’t their first BNPL experience. They get
around, but they also offer impressive levels of support and know-how.</p><p>SlicePay: The Future of FAB
Finance</p><p>In
a world where flexibility is key, SlicePay emerges as the solution for
digitally savvy customers. Rudy Sudarsono, SVP and Head of Cards at FAB, said, “By
joining forces with Mastercard through SlicePay, we are ushering in a newer,
more innovative way to buy now, pay later for our digitally savvy customers,
who can now split their <a href="https://www.financemagnates.com/terms/p/payments/">payments</a>, not their plans. At FAB, we foresee that
SlicePay will resonate strongly with the evolving needs of both UAE consumers
and merchants, as it brings with it an additional layer of convenience and
assurance to the entire payments landscape.” </p><p>SlicePay and the BNPL Surge in
MEA</p><p><a href="https://www.mastercard.com/news/eemea/en/newsroom/press-releases/press-releases/en/2023/november/first-abu-dhabi-bank-introduces-slicepay-bnpl-card-in-the-uae-powered-by-mastercard/#:~:text=Dubai%2C%20UAE%3B%2003%20November%202023,and%20Africa%20(EEMEA)%20region">Data
by Juniper Research</a> unveils the rise of buy now, pay later solutions in the
Middle East and Africa (MEA). While global BNPL transactions forecast a CAGR of
31% from 2022 to 2027, the MEA region flaunts an estimated CAGR of 44%. As the
MEA region dances to a 1010% growth in digital BNPL transactions, SlicePay
struts into the scene as the new trendsetter, ensuring you slay in style, one
payment at a time.</p>

This article was written by Louis Parks at www.financemagnates.com.