Lending Payments

GHL to Offer Installment Payment Solution to 2,000 of Its Online Merchants

by Fintech News Malaysia July 23, 2019

GHL Systems Berhad announced today that will be teaming up with Splitit Payments to offer the latter’s installment solutions to 2,000 of its online merchants in Malaysia, Thailand, Indonesia, and Philippines.

GHL is one of the top merchant acquirers in the ASEAN region, processing over AUD $350 million in total online and offline transaction value per month via its network of large and small merchants across multiple industries, with a particular strength in the travel sector.

Under the Agreement, GHL merchants will be able to offer their customers Splitit’s installment payment solution to pay for online purchases with an existing credit card, splitting the cost into interest and fee-free monthly payments.

Following integration with GHL’s payment systems, each merchant will be able to easily and swiftly go live with Splitit via a simple selection from a drop-down menu provided by GHL.

Commenting on the partnership, Danny Leong, Group CEO, GHL said

Danny Leong

“We are excited to add Splitit to our list of world-class payment services, enabling our merchants to offer greater payment flexibility to their consumers,”

“Splitit’s non-lending offering is unlike any other payment player’s and we believe this partnership will help us continue our growth as ASEAN’s trusted payment experts.”

Enabling installment payments for e-commerce is a fast growing space made evident by the fact Grab has also launched similar services dubbed “PayLater” and the fact the top funded Indonesian fintech startup, Akulaku is operating in this space.

Featured image credit: Splitit