GHL Systems Berhad is offering PayLater services by Grab for its in-store merchants, allowing consumers the flexibility of making payment in the following month or in four monthly installments, with 0% interest.
The payment system provider first announced the enablement of PayLater back in 2021 for online merchants. Current merchants include All IT Hypermarket, Afterspring International, Thunder Match Technology, and Astro GS Shop. Through this expanded partnership with Grab Malaysia, merchants using GHL’s terminals can now offer their shoppers more payment options when making purchases in physical stores.
GHL Malaysia’s CEO, Kevin Lee said, “By enabling PayLater, consumers can stay on top of their budget and gain greater purchasing power, while driving sales for merchants.”
Grab Malaysia’s Payments, e-Commerce, and Insurance head Lim Tien Ming said, “ a recent ResearchAndMarkes.com report highlights that BNPL payment adoption is expected to grow steadily, recording a compound annual growth rate of 35.4% during 2022-2028. Therefore, PayLater encompasses this and is a natural progression in our evolution of vast financial offerings through our platform as it provides more flexibility and encourages shoppers to shop responsibly.”