Day: June 28, 2021

NEW YORK, June 28, 2021 /PRNewswire/ — Splitit (ASX: SPT), the company empowering consumers to use their existing credit to spread payments over time, announced a partnership with tabby, the leading Middle East Buy Now Pay Later (BNPL) provider. tabby will integrate Splitit’s installment payment platform through a white-label solution to allow tabby’s merchants to offer installments on credit cards. The integration of Splitit will also allow tabby to expand its offering to new merchant categories and those with higher average order values.

tabby will integrate Splitit’s technology into the tabby BNPL platform to seamlessly provide shoppers with an additional option to pay in installments over time using their credit card. The integration to tabby’s BNPL platform is expected to be completed by the end of Q3 2021.

tabby is the leading BNPL provider serving the United Arab Emirates (UAE) and Saudi Arabia, supporting more than 2,000 merchants, including Ikea, SHEIN, Marks and Spencer, adidas, and Toys R Us. In 2020, the eCommerce market was valued at US$11 billion in Saudi Arabia and US$7 billion in the UAE and is expected to double in size in the next five years.¹  tabby offers a consumer financing option for shoppers to pay for items in four equal installments and has a high-profile brand in the region. tabby integrates directly into merchant checkouts or POS systems and does not charge shoppers interest.

“This is a great partnership for us at tabby as it allows us to broaden our product offering to existing merchants as well as enter new verticals across the markets we serve,” said tabby founder and CEO Hosam Arab. “Splitit has an elegant solution that will fit nicely within our product and complement our financing options for higher-value purchases.”

“We are delighted to be partnering with tabby to expand their market-leading offering. We’ve always seen our solution as complementary to other BNPL providers, which this new exciting partnership with tabby highlights perfectly. Our global payments platform is the only solution leveraging credit card payment networks, with the flexibility to scale internationally without the need for major on-the-ground support,” said Splitit CEO Brad Paterson.

“Having expanded our platform capability, we can now also offer white-label solutions as a way to enter new regions such as the Middle East by partnering with established players that already have a strong market presence. While we remain focused on further penetration of Splitit’s branded product in the US, APAC and Europe, this provides a new low-cost, high-margin revenue stream which we can easily emulate in other markets,” added Mr. Paterson.

To learn more about Splitit or to partner with Splitit, visit: https://www.splitit.com/partners/

About Tabby

tabby is the Gulf Cooperation Council’s (GCC) first Buy Now Pay Later solution with a mission to empower people to easily buy what they want, when they want, while remaining in control of their finances. tabby helps retailers across the UAE and KSA boost their sales by offering their customers flexible Buy Now Pay Later payment solutions. From its base in Dubai, tabby has plans to expand across the Middle East rapidly. For more information, visit www.tabby.ai

tabby integrates directly into merchant checkouts or POS systems, instantly providing consumers a way to pay for their purchases with only 25% of the transaction value paid at the time of purchase and the remainder automatically charged over three monthly installments. tabby does not charge its customers any interest or fees as long as they pay on time and monetizes primarily by charging merchants a commission on sales generated via its platform.

About Splitit

Splitit is a global payment solution provider that enables shoppers to use the credit they’ve earned by breaking up purchases into monthly interest-free installments using their existing credit card. Splitit enables merchants to improve conversion rates and increase average order value by giving customers an easy and fast way to pay for purchases over time without requiring additional approvals. Splitit serves many of Internet Retailer’s top 500 merchants and is accepted by more than 2,000 e-commerce merchants in over 30 countries and shoppers in over 100 countries. Headquartered in New York, Splitit has an R&D center in Israel and offices in London and Australia. The company is listed on the Australian Securities Exchange (ASX) under ticker code SPT.

^[1]  Source: Kearney Analysis

Contact Information :
Brian Blank
Splitit
brian.blank@splitit.com
+1 760 917 3321

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Sara Mitchell is appointed Division President of Continental Europe, Middle East and North Africa. Sara will be responsible for Chubb’s property and casualty, accident and health and consumer lines operations across 26 countries in Continental Europe, Middle East and North Africa. In her most recent role, Sara was Division President for United Kingdom, Ireland and South Africa.

Mark Roberts is appointed Division President for the United Kingdom, Ireland and South Africa and succeeds Sara. Mark will be responsible for Chubb’s property and casualty, accident and health and consumer lines operations across the United Kingdom, Ireland and South Africa. Mark’s most recent role was Chief Underwriting Officer for Property and Casualty, United Kingdom and Ireland.

Robert Wilson is appointed Chief Underwriting Officer for Chubb Global Markets and Active Underwriter of Chubb’s Lloyd’s Syndicate 2488. Robert will be responsible for all underwriting activity in Chubb Global Markets and Syndicate 2488. In his most recent role, Robert was Deputy Chief Underwriting Officer and Head of Underwriting Operations at Chubb Global Markets.

Sara, Mark and Robert will all report to David Furby, Regional President, Europe, Middle East and Africa. In addition to his current responsibilities, David is assuming the role of President of Chubb Global Markets.

All appointments are with immediate effect subject to regulatory approvals.

David Furby said: “I’m truly excited to have Sara, Mark and Robert on the leadership team in the EMEA region. They all have a proven track record and will with their solid leadership experience bring the best of Chubb to our clients and brokers across the region.”

Juan Luis Ortega, Executive Vice President, Chubb Group and President of Overseas General Insurance, said: “With their decades of industry experience and accomplishment, and under the overall leadership of David Furby, these three executives – Sara, Mark and Robert – represent an exceptionally strong and talented team leading our region in Europe, Middle East and Africa.  We are delighted to make these senior appointments, which further demonstrate the significant bench strength of talent within Chubb.”

Sara Mitchell has more than 18 years of insurance industry experience.  Sara joined Chubb in 2011 and has served in a number of senior management roles in both the consumer and commercial property and casualty business in the UK and Europe. Prior to joining Chubb, Sara held a variety of roles at RSA and Allianz. She has a degree in Chemistry from the University of Manchester and is an Associate of the Chartered Insurance Institute.

Mark Roberts has 28 years of insurance industry experience, including 22 years with Chubb. Mark joined the company in 1999 and has held over the years increasingly senior underwriting and management roles. Mark started his career as a broker at SBJ and prior to joining Chubb, worked as an underwriter at ITT London & Edinburgh. Mark has a degree in Ancient History from Durham University.

Robert Wilson has 35 years of insurance industry experience. Robert joined Chubb in 2009 and has held various senior roles in Chubb Global Markets. Prior to joining Chubb, Robert worked as a reinsurance treaty broker with Marsh, JLT and Aon.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.chubb.com.

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– Part of the proceeds collected will be donated towards Covid-19 relief efforts in India

DUBAI, U.A.E, June 28, 2021 /PRNewswire/ — Practically, a leading experiential learning app, designed to make learning immersive and increase retention in STEM subjects for students of class 6 to 12, has announced the launch of a four week long Summer Workshop for students in the Middle East. The workshop will consist of four highly engaging online courses in Scratch Programming, YouTube Pro, Chess, and Robotics to keep students effectively occupied during their summer vacation. The carefully crafted courses guided by highly qualified teachers will enable students to develop new interests and enhance their skill set, equipping them for the jobs of the future, keeping in mind global industry trends.

The YouTube Pro course will help students learn how to start and run their own YouTube channel. They will be able to create high-quality videos and learn how to post, optimize videos with right titles, descriptions, tags and thumbnails.

The Chess course will explain the rules of the game and help students improve through interactive online lessons by international players and national chess coaches. Students will learn openings, endgames, strategy and tactics to master their chess skills.

The Robotics course aims to train students in building a smart bulb which can be controlled using Google voice assistant. Students will learn all about various software and equipment, which will help in understanding the recent technologies in automation.

The Scratch Programming course will focus on educating students in how to think computationally. Students can design and create games and applications using Scratch Programming. Not only will students use the technology in their lives, but also gain digital confidence and get inspired to create new games and apps.

Commenting on the launch of the Practically Summer Workshop, Mr. Subbarao Siddabattula, Founder & CEO, Practically said, “We are elated to launch Practically Summer Workshop in the Middle East and provide students an engaging and invaluable learning experience that will help them enrich their knowledge and inculcate critical thinking from an early age. With emerging technology trends like AI, ML, Robotics, IoT gaining prominence, the courses will develop relevant and in-demand skillset amongst the students which are desired by global employers. As a part of the proceeds will also be going towards India’s Covid relief efforts, students have a chance to be part of a noble cause.”

At the end of the Summer Workshop, 10 students will win Apple iPads and 6 months of Practically Legend subscription based on their performance. Students can enrol for one or all courses for only 99.99 AED. Part of the proceeds will be donated towards supporting India’s Covid-19 relief efforts.

About Practically

Founded in 2018 by Mr Subbarao Siddabattula, Founder & CEO, Ms Charu Noheria, Co-Founder & COO and Mr Ilangovel Thulasimani, Co-Founder & CTO, Practically uses next-generation interactive methods, such as Augmented Reality (AR), Simulations and 3D videos for an enhanced learning experience.

Recently, Practically was named TiE50 Award Winner at TiEcon 2021. It was awarded the EdTech Startup of the Year at Startup Awards 2021 by Entrepreneur India magazine. Practically was also adjudged the Most Innovative STEM Solution by Elets at the World Education Summit 2021.

The app is available for download for free on Play Store and App Store. Visit the Practically website here: https://www.practically.com/

Contacts:  Kavya Natarajan, Email: knatarajan@practically.com