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BuyBack Bazaar enables Filipinos to get cash in exchange for gadgets, allows buyback option at a later date

by | News

Sep. 26, 18 | 5:40 pm

Studies have shown that 75% of UAE residents who earn less than Dh 6,000 per month require emergency funds at least once a year, including Filipinos. Unforeseen circumstances force Filipinos to find alternative means to get money and that’s where BuyBack Bazaar comes into picture as the emergency cash funding platform enables its clients to exchange their gadgets for cash, with an option to buy back the same gadget in a few months’ time.

BuyBack Bazaar is an innovative company licensed by the Dubai Technology Entrepreneur Centre that has launched an online service for customers to sell their possessions if they need cash for emergency purposes. During its early stages and tests, more than 50% of the company’s clients were Filipinos. Co-founder Pishu Ganglani said that the concept behind BuyBack Bazaar was inspired by an active network of 18,000 stories from the Philippines who provide a similar service.

BuyBack Bazaar Co Founders Ricky Husaini & Pishu Ganglani

“This new platform revolutionizes that old process by making prices from all the Shops completely transparent to customers. So you always get the best price available across the network and can walk into ANY store to get your cash immediately. And, you have a confirmed price at which you can BuyBack your device should you wish to do so,” explains Ganglani.

Buyback Bazaar’s co-founder Ricky Husaini furthers that the platform is an ideal alternative against loan sharks who take advantage of the financially vulnerable expats that lead them to a debt spiral. “We are delighted to be launching BuyBack Bazaar which exists to solve problems of emergency funding in a quick, transparent manner while respecting an individual’s dignity. The service is fast, easy and safe for the customer and doesn’t generate additional stress from bounced cheques, penal interest charges or pressure to pay back.”

Those interested to check out their platform can visit: https://buybackbazaar.com/.

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Dubai resident asks for permit to visit 2 wives

Dubai resident asks for permit to visit 2 wives

The Dubai Police has reiterated that the movement permit will only be issued to those stepping out of their homes for absolute necessity after they received various questions about it—including a man who asked for a permit to go between the houses of his two wives....

Bahrain confirms 31 new COVID-19 cases in Salmabad town

Bahrain confirms 31 new COVID-19 cases in Salmabad town

Bahrain has announced 31 new cases of coronavirus disease (COVID-19) among expats in Salmabad, The Daily Tribune News of Bahrain reported.   According to the Ministry of Health, the workers have been detected after a case was confirmed in their area. They have...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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