Superapp Grab has added updates to its “buy now, pay later” (BNPL) feature PayLater by extending the payment option to in-store purchases.
With this extension, shoppers now have more flexibility to pay for their purchases over time.
Additionally, Grab will be collaborating with CTOS to provide PayLater as a payment option for non-active Grab users.
Anyone can now apply to use PayLater postpaid and instalments, effective November 30, 2022, by providing the necessary information via the Grab app so that CTOS can conduct the necessary credit checks. If deemed eligible, applicants will receive a notification to activate PayLater.
Since the launch of PayLater in 2019, it has become one of Grab’s most popular payment options. In response to the growing popularity, Grab has added these updates to PayLater to make it even more convenient and accessible for consumers.
These updates are in line with the e-Conomy 2021 report, which indicates that Southeast Asian consumers’ search interest for BNPL has increased by 16x.
