Swiftpay has added Billease as a buy now, pay later (BNPL) payment option at online checkout.

Merchants already accepting payments through Swiftpay can enable Billease from their existing setup, and it appears as a payment option to shoppers at checkout.

Many online merchants hold back from adding BNPL because it usually means a separate API integration, credentials, and a new reconciliation process.

Offering Billease through Swiftpay removes that overhead, keeping payment acceptance, settlement and reporting in the same place merchants already use, with credit decisions happening inside the checkout flow.

Swiftpay offers Billease transactions in tenors of 6, 9, 12, 18 and 24 months.

Billease computes interest on the declining principal balance, so customers who pay ahead of schedule pay less overall, and it discloses the cost of credit upfront.

“Merchants lose the sale when a customer wants the product but not the full price today,” said Kurt Molina, Head of POS Product at Billease. “Enabling Billease through Swiftpay takes days rather than a planning cycle, and once it is on, every shopper on the site sees the option.”

“Most Filipino shoppers do not hold a credit card, and above a certain ticket size they need a way to spread the cost or they leave the cart,” said Damian Gil, Chief Revenue Officer at Swiftpay. “Billease gives them tenors up to 24 months and pricing they can actually read, and it gives our merchants a larger addressable market without a change to how they operate.”

Billease’s more than 10 million users can now pay in installments at any online merchant on the Swiftpay network, using the same account they already have.

Featured image: Edited by Fintech News Philippines based on an image by RSplaneta via Magnific.