BillEase Partners Alipay+ to Offer BNPL Payment Option for Filipinosby Fintech News Philippines January 18, 2023
Consumer finance app BillEase has partnered with Ant Group’s Alipay+ to enable the buy now, pay later (BNPL) payment option for Filipinos when the shop at global brands online.
BillEase’s over 2,000 merchant partners can now offer their shoppers three card-free installment options at checkout with interest rates between 0% or 3.49 percent.
Aside from shopping, the BillEase app can be used for e-wallet top-ups, gaming credits, mobile load purchases, and bills payment.
Launched in 2020, Alipay+ provides global cross-border mobile payment solutions which enable merchants, including small and medium-sized enterprises (SMEs), to better serve mobile-savvy consumers.
To date, Alipay+ has reached over 2.5 million global online and offline merchants with over 1 billion e-wallet users.
Jia Hang, General Manager of Global Partnerships at Alipay+ said,
“BillEase brings inclusive financial services to the underbanked and underserved consumers in the Philippines.
We are excited to reach this partnership to enable BillEase’s customers to enjoy seamless and convenient cross-border online payment services and enrich their daily lives through an expanded global shopping experience.”
Georg Steiger, CEO and Co-founder of BillEase said,
“We look forward to working closely with Alipay+ to help BillEase expand its global online merchant coverage.
This partnership is also a major boost for financial inclusion in the Philippines as it will make not only financial services more accessible to millions of Filipinos but also global online merchants reaching wider and more diverse customers like ours.”