Grab Offers Deferred Payment Method to Singapore, Malaysia Users
July 21 2021 - 12:55AM
Dow Jones News
By Yongchang Chin
Grab Holdings Inc. has partnered payments platform Adyen to
offer Singapore and Malaysia customers the option to defer payments
when making purchases through the company's GrabPay platform.
The PayLater service will allow users to choose between paying
the amount over four interest-free installments or making the full
payment the following month, Grab said in a statement
Wednesday.
Grab said introducing the deferred payment option is likely to
increase sales for merchants, citing rising numbers of shoppers and
bigger transaction volumes for online fashion retailer Zalora after
it offered a deferred payment option in May.
Grab and Adyen have worked together since 2016, when Grab was
expanding its GrabPay platform across Southeast Asia.
Write to Yongchang Chin at yongchang.chin@wsj.com
(END) Dow Jones Newswires
July 21, 2021 01:51 ET (05:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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