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Buy Now Pay Later (BNPL)! Is an amazing concept and has been gaining immense popularity these days.
BNPL is a new concept yet a beneficial mobile application for regular consumers. Customers can open an account with a financial company that agrees to pay for the purchases on the customers' behalf but the customer has to pay back the amount within a set time frame.
Several retailers are currently exploring alternatives for the cash-on-delivery trend and are looking for ways to make it simple for their consumers with the Buy Now Pay Later app.
Building an app like Tabby with a mid-level UI and technology can cost between $37,000 and $62,000. But the price of an application with several advanced technologies and a high-end design system might cost around $160,000 or more.
These applications operate in a very simple manner: Go to a retail shop, purchase the item, select the "buy now, pay later" option, and pay a small portion of the total amount due, and the remaining balance can also be paid in installments. The money can be paid directly through a bank account or credit/debit cards.
What is Tabby App?
One such incredible online platform Buy Now Pay Later app like Tabby. In 2020 Tabby app was founded and it claims to have 1.5 million users who are actively using it in Saudi Arabia, the United Arab Emirates (UAE), Bahrain, and Kuwait.
Users of the Tabby app have the option to split their payments into 4 interest-free installments.
The buy now pay later mobile app was developed by Tabby and Tamara and is popular in the UAE's eCommerce industry. In UAE and other nations, Tabby services are being promoted by international e-commerce giants like AliExpress, Shine, and Amazon.
FinTech solutions offer outstanding purchasing experiences to customers in Dubai and in United Arab Emirates. It Includes a Tabby like app available on Android and iOS mobile devices, with interest-free payment options available for buying above SR 100 and up to SR 3,000.
Users of the Tabby Android or iOS app can make purchases from online merchants and easily make installment payments by adding any debit or credit card to the Tabby app.
How Does an App Like Tabby Work?
One of the top Fintech applications in Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates is Tabby. The popular online shopping platform, built by Tabby, enables users to browse their favorite brands and investigate various product categories (such as Fashion, Beauty, Home, Gifts & Gadgets, Baby & Toys, Travel & Tourism, and Sports & Gaming) in accordance with their requirements.
Users of the app can examine cashback offers from various brands, visit an online store, make purchases, and get attractive cashback from the retailer. Efficient simple, comfortable, and hassle-free payment services are provided by a well-known app like Tabby.
Factors Affecting The cost of Creating a Buy Now Pay Later App Like Tabby
Cost-effective
To ensure speedy success, these distinctive and unique factors must be integrated while creating a popular app like Tabby.
Login in/Signup
The login and sign-up process offered by the Tabby app gives customers a seamless app experience even if it is the most basic component of any application. Customers using the Tabby app have the option of guest check-in, they can use the app without providing their email address or phone number. Customers can sign in using their email and phone number.
Easy To Navigate
Popular brands and deals are easily accessible with just one click on Tabby's app home page, making online shopping hassle-free. Visitors can easily choose their preferred brands and purchase items of their choice by using the search bar at the top of the home page.
Category
The Tabby app is the leading FinTech application in the Middle East, enabling users to buy a variety of items from thousands of listed companies, including fashion, beauty care, toys, baby basics, home essentials, gifts & gadgets, and many more.
Split Payments
A unique feature of the Tabby app is the number of installments provided by the app it’s the foundation of the pay later app. Customers can purchase a product and then input their card information so that the Tabby app can start the 4 split payments option once every month. Users have to pay the first installment amount at the time of purchase.
Advance Payments
Customers can make advance payments before their planned split payment time using the Tabby Buy Now Pay Later application. Customers now have the option to make payments whenever they have enough money instead of waiting for a particular day because of this special functionality.
Payment Links
Retailers can share the payment page with their customers by using the payment links. The creation and sharing of payment links with consumers are made incredibly simple for business owners, administrators, supervisors, and sales managers by the Tabby app.
App Design
In an app like Tabby most significant is its simple app design framework. The app is clearly segmented into four screens: Shop, Payments, Cashback, and Profile. Each screen features a distinct user path that is represented by simple line symbols, precise product images, and an excellent user journey map.
App Development
While investing in Buy Now Pay Later app development, there are two choices either keep it exclusive to your business or build an application program interface or Software development Kit, this will make it simple to interface with other eCommerce stores.
Development Team
Two main factors are involved in the cost to develop an app like Tabby; first is the size of the development team and second is the location where the app will be developed.
A financial app development company like Neetable will cost around $50-$80 per hour in India, whereas in the US it ranges from around $90-$120 per hour.
The cost to create an app like Tabby is determined by all of these above-mentioned elements. Mid-level UI and technology can cost between $30,000 and $57,000, whereas high-end design systems and many new technological advancements can cost up to $120,000 or more for an application.
Easy Check-Out Process
In the UAE, the Tabby app is the top online marketplace. Customers can browse brands and select the Tabby app to split the total amount value into four payments. According to the set time frame, the app will automatically debit the money. It's crucial to create a simple checkout page that enables customers to check the total to be paid in a single installment.
When you are short of cash and you get an urge to purchase an item just remember the Buy Now Pay Later app.
You can make purchases using these applications without having to pay the whole amount in advance, and in some cases without paying anything at all! Contact us to know more.
Recent Works
We have created many mobile apps in iOS, Android for all kind of businesses. Among them few are top downloaded Apps. See here are some of our works how Neetable is helping teams build amazing products.
