Subscribe to Our Newsletter

We know you love savings. Sign up for more!

PaySlowSlow Offers A New Way To Shop Via BNPL

BY Team Loanstreet

Updated 01 Dec 2021

Follow Loanstreet on Facebook & Instagram for the latest updates.

The ASEAN Fintech Group launches its first Buy Now Pay Later (BNPL) platform, (PSS), in Malaysia, giving Malaysian shoppers and businesses an opportunity for growth and greater control for a better shopping experience not just limited to online shopping, but also physically in shops. 

The platform enables its users to split their purchases into 4 interest-free equal payments at over 500 both online and physical merchant partners, ranging from 5-star conference resorts such as Bangi Resort Hotel to Ai home - a SMART personal and home technology retailer among others.

Image Source: PaySlowSlow Official Website

Integrated with BetterPay, PaySlowSlow’s 0% interest buy-now-pay-later platform also 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. 

This helps in providing an access to credit to the underbanked and unbanked in Malaysia, which makes up 55% of the population that has limited access to purchasing goods and services with instalment payment.

In addition, first-time users will receive RM15 when they sign up as a PaySlowSlow user now. 

Image Source: In Charge Debt Solutions

Additionally, merchants on the PaySlowSlow platform can also enjoy a risk-free experience with just an upfront payment of the sale, no sign-up fees and registration costs. To add, marketing support is extended to all merchants through curated marketing campaigns aimed at driving traffic and improving sales conversion to their business. However, a transaction fee will be collected upon successful sales via the platform. 

Until 31st December 2021, Beauty & Travel category merchants who sign up for will receive a bonus rebate of RM2,000 to offset transaction fees within the first 3 months of onboarding. Do note that this is only applicable to the first 50 merchants under the Beauty & Travel category. For more information, visit their website to register your interest. 

Complementing offline marketing efforts, also offers merchants an additional avenue via the “PaySlowSlowShop”, 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 which are only available in the store.

“We see the trend of BNPL services picking up momentum in Malaysia, and this is an opportune time for us to launch 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.” said Kin Wai Lau, Executive Director, ASEAN Fintech Group.

Koay Wei Chin, General Manager, added, “To unlock growth opportunities for businesses, we want to be the bridge between our merchants and users. As a result of the global pandemic, we have seen a significant shift to digital means in the retail landscape and consumer spending behaviours. At, we believe that everyone should have an option to manage their money better and spend with more purchasing power, control and flexibility.

Currently, Malaysia is the first stop for The ASEAN Fintech Group’s BNPL platform. Plans to expand to other parts of the Southeast Asia region in the coming months are underway. 

*The above article is intended for informational purposes only. Loanstreet accepts no responsibility for loss that may arise from reliance on information contained in the articles.

Continue reading...

About the Author

Team Loanstreet

Run by a professional human-sized team, get resourceful tips & guides from our very own library of financial articles that can help improve your financial lifestyle & make a well-informed money decision. We strive to provide you with the best service in helping you to get the most out of that DUIT!


Suggested Articles

5 Reasons To Use Instarem to Send Money Abroad

5 Reasons To Use Instarem to Send Money Abroad

OPR 0.25%: 3 Significant Impacts on the Everyday Malaysians

Bank Negara Raises OPR by 25bps: 4 Impacts on Malaysians

Here are the Best Fixed Deposit Promos in Malaysia 2022

Best Fixed Deposit Promos Malaysia 2022 [Updated Weekly]