Standard chartered credit card holders who shop on Amazon.ae can now convert their purchases into monthly installments for a period of up to 12 months without calling the bank or filling out forms, according to a Finextra report.
“Installment plans give consumers more purchasing power by better managing their cash flows. We are proud to be among the first international banks in the UAE to introduce this powerful feature on Amazon.ae,” said Sethu Ramaswamy, regional director for Products and segments for Africa and the Middle East at Standard Chartered Bank, announced the news agency.
The Amazon subsidiary Payfort will run the installment payment program.
“We have seamlessly integrated this new payment option into the Amazon.ae checkout process so that customers can use the new installment payment option without having to leave the Amazon.ae shop,” Omar Soudodi, Managing Director of Payfort, told Finextra. “Trust and convenience are key to payment methods and we will continue to innovate in this area on behalf of our customers.”