The UAE has introduced a “Buy Now, Pay Later” service for federal fees and fines, launched through a partnership between the Ministry of Finance and Tabby. This initiative allows customers to settle their obligations in instalments while Tabby pays the full amount upfront to the relevant government entity. Subsequently, customers repay Tabby according to pre-agreed terms. By offering this option, the Ministry aims to improve convenience, enhance customer experience, and increase efficiency in federal revenue collection.
Saeed Rashid Al Yateem, Assistant Under-Secretary for Government Budget and Revenue Sector, said: “This collaboration represents a paradigm shift in the ongoing modernisation of payment systems across federal entities. We are committed to adopting innovative solutions and strategic partnerships that contribute to building an integrated and sustainable financial infrastructure. This initiative will boost our efforts to modernise payment systems through innovation and strategic collaboration.”
Hosam Arab, Co-founder and CEO of Tabby, added, “This partnership marks a significant step forward for Tabby as we continue expanding our services to include the federal government sector. Our mission has always been to provide customers with greater financial flexibility, and we are proud to support the Ministry of Finance in making federal services more accessible across the UAE.”
Nationwide Coverage and Digital Transformation
The Buy Now, Pay Later service applies across all federal entities, giving customers greater flexibility in managing their financial obligations. By integrating modern electronic payment solutions, the initiative aligns with the UAE’s ongoing digital transformation strategy. It simplifies procedures, enhances transparency, and connects federal entities through a unified, advanced platform.
The Ministry of Finance has secured competitive commission rates for this service, which are applied only to customers opting for the instalment option. These measures aim to strengthen financial inclusion, modernise payment systems, and create a more efficient federal revenue management process.
Advancing Financial Inclusion and Convenience
The partnership not only supports digital payments but also reflects a broader shift toward customer-centric financial services in the UAE. By introducing flexible options and innovative digital solutions, the Ministry ensures that citizens and residents can meet obligations in a convenient, secure, and efficient manner.
This step underscores the UAE’s commitment to adopting modern financial technologies while building a robust and sustainable financial ecosystem that benefits individuals, businesses, and government entities alike.
