Riyadh - Sharikat Mubasher: The UAE Ministry of Finance (MoF) announced the launch of Tabby payment services, offering customers the option to pay government service fees and fines in instalments through authorized payment channels, using the buy now, pay later (BNPL) model.

This partnership aims to simplify the process of paying federal government service fees and fines and enhance the efficiency of the federal financial collection system, according to a recent official statement by the ministry.

Under this partnership, Tabby will pay the full amount of the fees or fines to the government entity, after which the amount will be repaid by the customer according to pre-agreed terms.

Hosam Arab, Co-founder and CEO of Tabby, commented: “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.”

In turn, Saeed Al Yateem, Assistant Under-Secretary for the Government Budget and Revenue Sector at the Ministry of Finance, affirmed that the partnership with Tabby is part of the ministry’s ongoing efforts to adopt modern financial technologies in order to enhance federal revenue management, improve customer satisfaction, and enable customers to meet their financial obligations to government entities flexibly and securely.

“This initiative will boost our efforts to modernize payment systems through innovation and strategic collaboration,” he added.

Moreover, this collaboration is expected to strengthen integration across electronic financial services within an integrated digital system