How travelers can use Tabby to pay taxi fares in installments
[ad_1]
Interest-free payment will be implemented in January 2024
Here’s some good news to start the New Year for taxi drivers in Dubai: you can split the fare into four interest-free installments, stretching your budget and making it easier on your pocket.
This flexible payment solution is possible thanks to the collaboration between Dubai Taxi Company (DTC) and financial services application, Tabby.
Another good news is that this interest-free payment plan will be implemented in January 2024, a Tabby spokesperson confirmed on Saturday.
Here’s a breakdown of how it will benefit the public.
How does it work?
Tabby It is popular among buyers. The same concept of BNPL (buy now, pay later) services and benefits will also apply when paying the taxi fare.
Customers need to download the app to enjoy the “4-month split payment” plan. Only the first payment (25 percent or 1/4) must be paid in advance and the rest will be collected in the next three months.
Tabby It will allow you to pay in four installments without interest or commissions.
Which Dubai taxi company does Tabby accept?
For now, the agreement, the first in the UAE transport sector for postpaid services, is only between DTCs and Tabby.
This means that only taxis under DTC will accept tiered payments. However, DTC, founded in 1995, is the largest taxi operator in Dubai and currently holds about 44 percent of the market share. It has a fleet of about 7,000 taxis.
How does division into four work?
As mentioned, only the first payment will be charged; This is the same scheme when buyers buy or collect other products. The remaining three payments will be collected each month.
Will passengers pay interest?
No. Tabby He said there are no interest or extra charges.
“(The payment scheme) is based on trust. Without interest. You will never pay more if you pay on time. There is no interest. No fees. There is no catch.”
the company stressed.
What happens if I miss a payment?
Customers will receive periodic reminders before any payments are due to avoid missing them. Tabby They said they are “committed to responsible spending,” meaning each transaction is carefully considered before being approved.
The company said that if they cannot collect payment on the scheduled day, the customer will no longer be able to useTabby until the dues are paid. This also ensures that arrears do not accumulate.
Where else can Tabby be used?
DTCsIt is not only known for regular taxi services. It has other mobility solutions including VIP limousine services, bus services and last mile delivery services.
Mansoor Rahma Al Falasi, CEO of DTC,previously said the collaboration with Tabby
“It is expected to drive a significant change in the way customers pay for transportation services, especially for services such as multi-day limousine bookings.”
Hosam Arab, CEO and Co-Founder of TabbyFor his part, he added:
“Our partnership allows us to extend flexible payment options to a broader customer base through the smart services available in the Tabby app. “This initiative will allow customers to optimize their financial resources while enjoying the transportation services provided by Dubai Taxi.”
News Source: Khaleej Times
[ad_2]
