FinTech: Middle-Eastern Payments Provider NymCard Acquires BNPL Fintech Spotii

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Spotii is a Buy Now Pay Later (BNPL) fintech operating in key markets including KSA, UAE, and Bahrain.

NymCard, a payments infrastructure provider in the MENA region, has acquired Spotii, a prominent Buy Now Pay Later (BNPL) fintech operating in key markets. This acquisition allows NymCard to offer its clients a customizable BNPL product tailored to their specific needs and local markets, democratizing BNPL services in the region.

Spotii brings its technology, risk engine, and market expertise to NymCard’s platform, providing a powerful solution for credit-on-demand products. Initially, Spotii was founded as a direct-to-consumer BNPL service, boasting a customer base of over 1 million registered users and a network of more than 1,500 merchant partners. (Nymcard)

The integrated platform will serve both B2C and B2B markets seamlessly, offering instant installment options through various cutting-edge features.

The acquisition strengthens NymCard’s range of products and services and aligns with its mission to deliver innovative payment solutions in the MENA region. The combination of NymCard and Spotii enhances payment solutions, data analytics capabilities, and expands their geographic reach, attracting a broader customer base and strengthening partner relationships.

NymCard remains committed to empowering businesses with modern payment solutions, including prepaid cards, multi-currency offerings, charge and credit cards, and BNPL solutions.

Related Story:  Saudi Central Bank (SAMA) Boosts FinTech, Issues BNPL Licenses

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