GHL Enables Grab’s BNPL Solution PayLater for Its Online Merchants
by Fintech News Malaysia May 18, 2021GHL Systems announced that the “buy now, pay later” (BNPL) feature PayLater by Grab will be available to its selected online merchants utilising the eGHL Payment Gateway.
PayLater is a payment option piloted by Grab to provide users with a way to pay for their online purchases and manage their monthly cash flow. This news follows GHL’s recent partnership with Visa to similarly enable their Visa Instalments solution,
Users can choose to make a single payment at the end of the month or split their payments into four monthly instalments with zero interest charge.
Prior to this, GHL and GrabPay have already been working together to encourage more small merchants to accept cashless transactions. To-date, GHL has approximately 2,700 merchants across Malaysia.
Priyanka Madan
Priyanka Madan, Country Lead of Grab Financial Group, Grab Malaysia said,
“PayLater is only available to eligible users with the spending limit personalised based on Grab’s internal analysis. It provides the flexibility of paying for things, while helping users spend wisely.
We are therefore pleased to partner with GHL Systems to offer PayLater to their merchants and consumers. We hope this will help consumers manage their monthly spending without dipping into their savings or credit cards, while merchants can increase their sales.”
Sean S. Hesh
Sean S. Hesh, Group CEO of GHL Group said,
“GHL together with Grab, are excited to extend PayLater to our online merchant base as PayLater is a win-win solution that will be beneficial to all parties. PayLater provides consumers with an avenue for flexible and higher purchasing power and at the same time, higher sales revenue for merchants.
Therefore, merchants with large ticket items do not have to worry about missing out on consumers. This flexible option is timely given employment and earnings capability of many has been adversely impacted by the COVID-19 pandemic.”
Featured image credit:screengrab from https://www.grab.com/my/finance/pay-later/
