Funds agency 2C2P has partnered with service provider commerce platform Pine Labs to develop Purchase Now Pay Later (BNPL) acceptance throughout Asia in six key markets, specifically Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand.
Not like most BNPL choices, Pine Labs works with issuing banks to allow cardholders of collaborating issuing banks to buy objects with a number of and longer instalment tenures,
Customers usually are not required to obtain any cell utility or subscribe to any further e-wallet or cost companies.
Cardholders will be capable of make on the spot instalment funds at checkout as much as their pre-approved credit score restrict with no curiosity cost.
Dheeraj Chowdhry
“We’re delighted with the fast strides we’re taking in Southeast Asia on the subject of increasing our Purchase Now Pay Later proposition. On this respect, we’re excited to announce at present our partnership with main funds participant 2C2P.
With extra younger consumers preferring digital modes of funds, we imagine our BNPL providing will hit the suitable chord with the discretionary shopper of at present and assist retailers within the area drive gross sales, particularly of big-ticket objects, and contribute to a optimistic buyer expertise,”
stated Dheeraj Chowdhry, Chief Enterprise Officer & Head – Pay Later, Southeast Asia, Pine Labs.
Agnes Chua
“At 2C2P, we’re all the time on the lookout for new methods to help our retailers’ development and improve the cost expertise by providing all varieties of cost choices.
With the shift in demand for digital funds and the enchantment of interest-free funds, BNPL is an efficient device to develop gross sales and appeal to youthful tech-savvy prospects,”
stated Agnes Chua, Govt Director of Enterprise and Product Improvement of 2C2P.
