Manila, Philippines – PayLater, the buy now pay later feature from super-app Grab, has finally rolled out in the Philippines, giving Grab users in the country a solution to let them shop, dine, ride and pay later in one monthly bill across Grab’s services such as GrabCar, GrabFood, GrabMart, and GrabExpress.
PayLater is available to top-tier and long-time Grab users who regularly use the app’s features and those with significant transactions across the app’s different services. If a consumer qualifies for the feature, it will appear as a payment method for Grab transactions, along with other payment methods such as cash, GrabPay, and enrolled credit cards. The consumer has to click and subscribe to activate the PayLater feature.
The PayLater bill will be generated on the 1st or 15th of the month with seven days to settle, depending on the activation day. This will give consumers time to manage and plan their finances responsibly.
In addition, the users can avoid any bill shock by tracking their transactions by going to the PayLater section and click the ‘view details’ button to see their current spending total, available balance, and transaction history. The entire PayLater system is transparent, so people can see that there are no hidden fees. To avoid late fees, users can enable their notifications to receive regular payment reminders before their due date.
“This new feature allows our users to enjoy Grab’s suite of services such as delivery of food or other essential items and pay for them a whole month later. It allows them to better plan their finances and manage their cash flow, as they can review all their transactions in one monthly bill with zero interest,” said Erwin Yamsuan, head of Grab Financial Services in the Philippines.
He added, “One of the best things about this service is that consumers will also earn points for every transaction which they can collect and exchange for great rewards. It’s been a challenging year for many Filipinos, and we hope that this new Grab service brings more convenience to many people.”
Aside from the convenience it offers to users, PayLater also offers a rewarding bonus to those who avail of the service. Grab users will earn reward points for any transaction they charge to their PayLater accounts.
