Standard Chartered and introduce seamless instalment payment plans for customers in the UAE

Payfort, an Amazon company, is enabling the service through using its online payment gateway

Standard Chartered Bank and announced today the launch of new instalments payment plans. The new service allows Standard Chartered credit cardholders shopping on to seamlessly convert their purchases into monthly instalments for a period up to 12 months.

Payfort, an Amazon company, is enabling the service through using its online payment gateway. The new service allows customers to convert their purchases into installment plans online without calling the bank or filling in any forms.

“We are extremely excited to be working with the Standard Chartered Bank to introduce his new service for their credit card customers in the UAE, allowing them to make purchases and choose to pay via monthly installments directly on,” said Omar Soudodi, Managing Director of PAYFORT, an Amazon company. “We have seamlessly integrated this new payment option into the checkout journey so that customers can avail of the new pay by installments option without needing to leave the store. Trust and convenience are key when it comes to payment methods, and we will continue innovating on behalf of our customers in this space.”

Purchasing via instalments is becoming increasingly popular across the region offering clients greater flexibility and convenience. Commenting on the launch of this innovative service, Sethu Ramaswamy, Regional Head of Products and Segments for Africa and Middle East at Standard Chartered Bank said: “We are extremely pleased to have partnered with Amazon through their payment company Payfort in making this possible for our clients  At Standard Chartered, we  strive to offer innovative and convenient banking experiences to our customers. Instalment plans give consumers greater purchasing power by allowing them to better manage their cash flows. We are proud to be among the first international banks in the UAE to launch this powerful feature on”.