Iraq-based financial services company Switch that facilitates online transactions for government, businesses and individuals, has recently announced a strategic partnership with the Switzerland-based Zoodmall.
With this partnership, Switch cardholders will get access to “Buy Now, Pay Later” solutions on ZoodMall’s mobile-only, highly user-friendly shopping app.
ZoodMall is the region’s fastest-growing shopping app and cross-border e-commerce marketplace, operating in seven countries in Central Asia and the Middle East and offering over 4 million items sourced from thousands of local merchants and cross-border suppliers mainly from Turkey and China, at very competitive pricing.
ZoodMall’s shopping app and provides the first localized shopping experience overcoming constraints on language, payment methods and logistics thus creating a seamless and rewarding customer experience for underserved, mobile-ready customers.
Switch cardholders, subject to approvals, will have instant access to three types of “Buy Now Pay Later” options on ZoodMall through its attractive ZoodPay solution offering with 0% interest rate, transparent payment terms and automatic repayments:
- Pay 14 days after Delivery: Make an order on ZoodMall, get a product, unpack and try it and payment will be processed on his card after 14 days. Great solution to replace Cash on Delivery.
- 3 easy instalment plans of 0, 30, 60 days payments: Make an order on ZoodMall, enjoy your product and pay in three equal installments. An easy, intuitive, and smart purchasing tool.
- 6 installments plan exclusively available for specific Samsung smartphones in Iraq, whereby a customer selects a Samsung smartphone, makes a down payment of 30% of the price, receives the smartphone and pays balance in 5 equal payments each 30 days. Instant approval, 100% online, no documents required and no bank visit.
Speaking of the development, Al Naser, CEO of Switch commented,
“Through this strategic partnership with ZoodMall, the region’s fastest-growing shopping app offering over 4 million products, we are fulfilling Switch’s vision of playing a pivotal role in transforming the online payment system in Iraq and driving the nation towards a cashless economy. By providing the Iraq community with a convenient, innovative, transparent, and secure e- payment platform for their online shopping experience, Switch is supporting the strategy of the Iraq Central Bank and the aspirations of Iraq’s e-Government strategy.”
Michael Khoi, CEO of ZoodMall said,
“We are excited by our collaboration with Switch, Iraq’s leading financial services entity in offering many payment options for ZoodMall’s products to Switch’s cardholders. Iraq is an emerging and digital savvy country at the forefront of innovation that is witnessing exponential growth in online shopping. We are keen on supporting the local business community in helping them promote and sell their products on the ZoodMall platform, as well as offering the wider Iraqi community more choices in their online shopping experience.”
Available on Playstore and App Store, the ZoodMall shopping app aims to become the #1 reference for purchase of top-tier mobile devices in the region, currently offering all major mobile brands – including Apple, Samsung, Huawei, Oppo and many more from local merchants, at the very competitive prices. In addition, ZoodMall offers over four million cross-border products such as low-cost and high-quality electronics, apparel, accessories, beauty, home, and garden products, children’s toys, as well as local branded products.