HitPay Ties up With BillEase to Enable BNPL Payment Option for SMEsby Fintech News Philippines February 21, 2023
HitPay, a Singapore-based payment platform for SMEs, has partnered with Filipino BNPL and consumer finance app BillEase to offer local businesses card-free installment payment option to their customers at checkout.
Through BillEase, online and offline retailers can offer shoppers three installment options at checkout with interest rates between 0% or 3.49 percent.
SMEs will be able to access a full range of payment methods and payment infrastructure with a free account on HitPay.
HitPay also provides free business software — including a free website builder, in-app pos system, no-code e-commerce plugins, and an invoice generator — with zero setup or subscription fees.
The fintech had launched in the Philippines in 2022 and received a license from the Bangko Sentral ng Pilipinas (BSP) to be a registered Operator of Payment System (OPS) earlier this month.
Aditya Haripurkar, CEO and Co-founder of HitPay said,
“We are glad to partner with BillEase to empower SMEs with easy, accessible digital payments.
This partnership with BillEase allows us to continue to support the unique needs of our merchants, and build the best payment gateway for small businesses.”
Georg Steiger, Chief Executive Officer and Co-founder of BillEase said,
“We are excited to play a part in promoting a cash-lite economy through digital solutions like HitPay. This partnership highlights our shared values of providing flexible and transparent POS financing for retailers and their customers.
With HitPay, BillEase can offer inclusive options for retailers, especially SMEs, to help them grow and thrive.”