IOU Pay is collaborating with Bank Simpanana Nasional in offering the Buy Now Pay Later model to over 6.6million BSN cardmembers
Under the new collaboration, cardmembers can now enjoy the flexibility of splitting their installment payments for up to 6 months, via myIOU mobile app, at 0% rate across various merchants, online and offline. Among participating merchants are SOGO, Senheng, Petsmore, Lazo Diamond, Happikiddo, and Wah Chan. The BNPL service is currently catering to the growing demand for cashless payment methods amongst many customers.
“This collaboration will enable both BSN and IOUpay to better serve our customers by offering a smarter way to spend on what you want, when you want, without breaking the bank whilst prudently managing one’s finances. We are excited to kick start this partnership with BSN,” explained Gwen Khor, the Head of Marketing of IOUpay.
Mujibburrahman Abd Rashid, Chief Business Officer of BSN said, “BSN is looking forward to expanding our card offerings through this partnership with IOUpay.”
As an incentive, upon registering with the app BSN Cardmembers will receive an RM10 welcome voucher while the first 5,000 registered BSN Cardmembers who bind their credit card will receive additional RM10 vouchers. With minimum spending of RM500 members will stand a chance to win BSN Sijil Simpanan Premium worth RM100.
