TDT | Manama The Daily Tribune – www.newsofbahrain.com Al Salam Bank announced the launch of its "Buy Now, Pay Later" service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year. The fully au
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Al Salam Bank announced the launch of its “Buy Now, Pay Later” service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year.
The fully automated, instant, and seamless service allows clients to settle their payments in installments within a specific time frame defined by the digital application through the analysis of the client’s financial obligations using artificial intelligence.
Clients can benefit from this service for transactions ranging from BD100 and above using their debit cards, and selecting repayment periods of 3, 6, 9, 12, 18, or 24 months.
Commenting on the occasion, Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, said: “ This service allows our clients to pay for purchases in installments and better control their expenses and budgets through easy and immediate digital steps.”
