First Abu Dhabi Bank (FAB) has announced that Payit has launched “Send Now, Pay Later,” allowing eligible customers to send money internationally immediately and settle payments in 30 days.
With millions of expatriate workers regularly sending money to families and businesses across Africa, Asia and the Middle East, the launch adds a new layer of flexibility as Payit, offering services as a digital payment provider in the UAE, competes to make cross-border money transfers faster and more accessible.
Payit says the new service is designed to simplify everyday management by bringing together payments, remittances, rewards, and financial services into a secure, intuitive experience.
For customers, the ability to initiate a transfer before settling payments could provide flexibility, helping them manage urgent transactions and bridge short-term cash-flow gaps.
For founders, the opportunity lies in addressing the financial gaps in remittances by helping customers manage when and how they access their remittances.
