Grab expands partnership with payments firm Adyen to expand Its BNPL offering

Grab has announced that it will be expanding its alliance with payment solutions provider Adyen to allow more B2B clients and merchants to avail its PayLater offering to customers, specifically in Singapore and Malaysia.

The PayLater service is accessible via GrabPay wallet, and partner merchants can now add it to the list of payment methods available to customers at checkout. 

In a broader sense, Grabs buy-now-pay-later platform PayLater makes it possible for customers to choose one of two options: PayLater installments and PayLater Postpaid. 

While the installments option splits the cost of a customer’s purchase into four interest-free installments, the postpaid option allows them to pay up to a month after their purchase is completed. 

After implementing this new feature, Southeast Asia-based fashion and lifestyle platform Zalora recorded a 20% rise in new shoppers and a 15% rise in the number of shoppers selecting GrabPay as their preferred payment option during checkout.

“We expanded our partnership with Adyen to offer PayLater to businesses, starting in Singapore and Malaysia, as many of our merchants are already integrated with Adyen via their existing APIs. This means they can now easily add deferred payment methods as another flexible option for their customers, at no extra cost,” said Chris Yeo, Managing Director and Head of GrabPay, Grab Financial Group.

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