With shopping at the forefront, businesses in E-commerce, F&B (food delivery), and Travel & Hospitality can significantly benefit from the influx of consumers eager to indulge in their favorite brands and experiences.
Riyadh Season is not just another shopping festival; it's a cultural phenomenon that transforms the city into a bustling destination. With a wide range of attractive promotional events and activities that attract visitors, businesses must be prepared to meet increased demand. Implementing efficient and flexible payment solutions is crucial for capturing this unique market opportunity while offering a secure and seamless customer experience.
E-commerce: Tabby for Buy-Now, Pay-Later (BNPL)
Imagine an online fashion retailer that offers exclusive discounts on trendy apparel during Riyadh Season. This not only attracts shoppers looking to maximize their savings but also results in significant increases in sales and customer loyalty. With Tabby, businesses get paid in full, upf|nt at no risk, while customers can split their payments into four easy and more affordable installments without interest. By using Amazon Payment Services, these retailers can reach over 13 million active shoppers, potentially leading to an 18% increase in sales and a 40% boost in repeat purchases.
F&B (Delivery): Multiple Payment Options for Seamless Transactions
Consider a popular local restaurant that leverages Apple Pay and STC Pay for quick checkouts during Riyadh Season events. Customers can easily order food from their smartphones while attending shows or festivals, resulting in an increase in delivery orders. The convenience of Apple Pay and STC Pay allows for faster transactions and a smoother checkout process, enhancing customer satisfaction. By utilizing STC Pay, businesses can reach over 8.5 million customers, expanding their potential market significantly. This seamless payment experience can lead to an increase in average basket size as customers feel encouraged to make their desired purchases.
Hospitality & Travel: Installments
Picture a luxury hotel chain that introduces special packages during Riyadh Season, allowing guests to pay for their stays in installments. This flexible payment option makes premium travel experiences more attainable for families and groups eager to explore the city. By offering installments, hotels can see a potential 15% increase in sales and a 25% rise in basket size, as travelers are more inclined to upgrade their experiences knowing they can manage payments over time. This strategy not only attracts more bookings but also enhances the overall guest experience during the festive season.
Conclusion
As Riyadh Season unfolds, businesses of all sizes have a unique opportunity to harness the excitement and spending power of millions of visitors. By leveraging targeted payment solutions including Tabby for BNPL, Apple Pay, STC Pay and flexible Installment options companies can optimize customer experiences and drive sales. Moreover, understanding the specific needs of consumers during this festive period is essential. Businesses that adapt to the preferences of their customers—such as offering convenient payment methods—are more likely to foster loyalty and repeat business. The integration of these payment solutions not only simplifies transactions but also enhances the overall shopping experience, making it more enjoyable and accessible for everyone.
To integrate these payment solutions into your business, contact us today, and let us help you maximize your opportunities this Riyadh Season!
