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Sep 26 18, 5:40 pm

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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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UAE announces May 24 as first day of Eid Al Fitr

UAE announces May 24 as first day of Eid Al Fitr

(WAM) -- Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee in a statement issued after its meeting tonight at the Abu Dhabi Judicial Department. Sultan bin Saeed Al Badi Al...

Observatory experts say Shawwal crescent moon might not show today

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

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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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