News

Cartlow Rolls Out Subscription Model For GCC Retail Platform

Parent company Basatne is scrapping per-sale commissions, betting a flat subscription will pull more merchants into the Gulf’s re-commerce market.

Published

9 months ago

November 25, 2025

Nour Nasir

Basatne

Tech and logistics platform Basatne has launched a subscription-based marketplace through its consumer brand Cartlow, dropping the per-transaction commissions that define most regional platforms. It is a direct pitch to sellers pressed by fees that can reach 20% and to a GCC retail sector expected to hit USD 390 billion. The company is positioning the model as a structural reset rather than a pricing tweak.

The offer is straightforward: a monthly subscription instead of variable cuts on each sale. Basatne argues that this helps merchants retain more value, widen product ranges, and price competitively across refurbished, pre-owned, and new goods. For a region where many SMEs still struggle with digital retail onboarding costs, a predictable fee structure may lower the threshold to participate.

Cartlow is built on Basatne’s proprietary technology stack spanning trade-in, diagnostics, repair, refurbishment, and resale. That stack links individual consumers with businesses, wholesalers, and resellers along the full product lifecycle. The company says the system is built to recirculate millions of products annually and prevent more than 300,000 tons of potential e-waste from reaching landfill.

“Our goal is to make sustainability scalable, not just aspirational,” said Mohammad Sleiman, CEO of Basatne MENA. “With this subscription model, we’re removing cost barriers and creating an ecosystem where businesses thrive and products live longer”.

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Basatne’s wider operations span sustainable electronics distribution, a global trading platform, AI-driven analytics and diagnostics, integrated subscription programs, and embedded fintech tools. Cartlow now anchors the consumer side of that network. The group says the consolidation supports its international expansion play, with the Gulf acting as a proving ground for circular retail models.

Re-commerce in the GCC still trails established markets in Europe and Asia, but demand has risen as device prices climb and environmental expectations grow. By eliminating variable fees, Basatne is betting more merchants will list refurbished and pre-loved stock — and that a deeper pool of inventory will make the channel a mainstream retail path rather than a niche alternative.

News

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

2 days ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

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The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.