Pay Slow Slow lives up to his name to literally allow Malaysians to pay slow slow. Users of the app can utilise PaySlowSlow to shop online and physically in shops to split their purchases into four interest-free equal payments at over 500 merchant partners, both physical retail stores and online merchants.
The ASEAN Fintech Group launches its first Buy Now-Pay-Later platform, PaySlowSlow.com (PSS), in Malaysia, giving Malaysian shoppers and businesses an opportunity for growth and greater control for a better shopping experience. The app is intended to allow users to u
With merchants ranging from 5-star conference resorts such as Bangi Resort Hotel to Ai home- a
SMART personal and home technology retailer among others, users can purchase products or experiences with a worry-free instalment plan, making it a better way to pay.
PaySlowSlow’s 0% interest buy-now-pay-later platform allows for greater inclusion for non-credit cards users as they can now select between credit and debit cards as a payment method. The debit card
option allows the user to manage their money better to avoid high-interest rates on credit cards.
PaySlowslow aims to ease consumer financial burdens whilst still allowing them to purchase what they
want. At the same time, it helps to provide access to credit to the underbanked and unbanked in
Malaysia, who make up 55%* of the population with limited access to purchase goods and services
with instalment payment.
Merchants on the PaySlowSlow platform enjoy a risk-free experience with an upfront payment of the
sale, no sign-up fees and registration costs. A transaction fee is collected upon successful sales via our
platform. In addition, marketing support is extended to all merchants through curated marketing
campaigns aimed at driving traffic & improving sales conversion to their business.
SIGN UP REBATE
From November 2021 till 31st December 2021, Beauty & Travel category merchants** who sign up for
PaySlowSlow.com will receive a bonus rebate of RM2,000to offset transactions fees within the first
three months of onboarding. For more information, visit wwwpayslowslow.com/signup to register
your interest.
**Applicable to the first 50 merchants under the Beauty & Travel category
PAYSLOWSLOWSHOP
Complementing offline marketing efforts, PaySlowSlow.com offers merchants an additional avenue via
the “PaySlowSlowShop”(https://payslowslowshop.com/) its online e-commerce store, which will
feature monthly exclusive deals and money-saving promotions curated for the PaySlowSlow shopper.
Users who select online checkout at the PaySlowSlowShop can take advantage of the extra discounts
only available on the store.
“We see the trend of Buy-Now-Pay-Later (BNPL) services picking up momentum in Malaysia, and this
is an opportune time for us to launch PaySlowSlow.com in Malaysia. In line with the AFG vision to build a multi-vertical fintech value chain, PaySlowSlow is an example of how we build a synergistic value for consumers and SMEs that use the services of the AFG Group of companies. By cross-partnering our payment gateway, BetterPay, with BNPL business PaySlowSlow, we value-add to our customers.” says Kin Wai Lau, Executive Director, ASEAN Fintech Group
*Source:https://www.globenewswire.com/en/news-release/2021/10/04/2307695/28124/en/Malaysia-Buy-Now-Pay-Later-Market-Report-2021-02028.html