PURCHASE YOUR DREAM ITEMS YET START TO PAY SLOW SLOW

HAVE you heard of PaySlowSlow.com?

Well, if you haven’t the name itself simplifies its meaning of buying and paying on an instalment basis right?

True indeed, PaySlowSlow.com is Malaysia’s fastest growing buy now, pay later platform whereby consumers can buy now and pay later for their purchases over four instalments at 0% interest. 

“Though this platform is new and was introduced  about three months back it has received almost 4,000 consumers who had signed in,” said Kin Wai Lau, Executive Director, ASEAN Fintech Group (AFG) during a press conference announcing the launch of the platform at Bangsar, recently, whilst giving Malaysian shoppers and businesses an opportunity for growth and greater control for a better shopping experience.

As a web and mobile-based platform, Malaysians can utilise PaySlowSlow to shop online and physically in shops to split their purchases into four interest-free equal payments at over 500 merchant partners, both physical retail stores and online merchants. 

With merchants, ranging from 5-star conference resorts such as Bangi Resort Hotel to Ai home- a SMART personal and home technology retailer among others, users can purchase products or experiences with a worry-free instalment plan, making it a better way to pay. 

Complementing offline marketing efforts, PaySlowSlow.com offers merchants an additional avenue via the“PaySlowSlowShop” (https://payslowslowshop.com/) its online e-commerce store, which will feature monthly exclusive deals and money-saving promotions curated for the PaySlowSlow shopper. 

Users who select online checkout at the PaySlowSlowShop can take advantage of the extra discounts only available on the store. 

“We see the trend of Buy-Now-Pay-Later (BNPL) services picking up momentum in Malaysia, and this is an opportune time for us to launch PaySlowSlow.com here. 

“In line with the AFG vision to build a multi-vertical fintech value chain, PaySlowSlow is an example of how we build a synergistic value for consumers and SMEs that use the services of the AFG Group of companies. By cross-partnering our payment gateway, BetterPay, with BNPL business PaySlowSlow, we value-add to our customers.” added Kin.

Continuing his explaination, Kin mentioned, the platform aims to ease consumer financial burdens whilst still allowing them to purchase what they want. 

At the same time, it helps to provide access to credit to the underbanked and unbanked in Malaysia, who make up 55% of the population with limited access to purchase goods and services with instalment payment.

Merchants on the PaySlowSlow platform enjoy a risk-free experience with an upfront payment of the sale, no sign-up fees and registration costs. 

“A transaction fee is collected upon successful sales via our platform. In addition, marketing support is extended to all merchants through curated marketing campaigns aimed at driving traffic & improving sales conversion to their business,” he added.

Malaysia is the first stop for The ASEAN Fintech Group’s BNPL platform yet plans to expand to other parts of the Southeast Asia region in the coming months are underway 

“To unlock growth opportunity for businesses, we want to be the bridge between our merchants and users. As a result of the global pandemic, we have seen a significant shift to digital means in the retail landscape and consumer spending behaviours. 

"At PaySlowSlow.com, we believe that everyone should have an option to manage their money better and spend with more purchasing power, control and flexibility,” said its General Manager Koay Wei Chin (pix below, left) when met.

Koay believe with the introduction of this platform they are able to achieve the target of around 5,000 users and more by year end.

For the first sign up user, PaySlowSlow will be giving out RM15 as token of appreciation so as you can start purchasing and pay slow slow.

Kak Fas: Looking and studying the platform slow slow also but like the tagline 'Walk Faster, Pay Slow Slow' and using the snail as their logo is perfect. 

#PaySlowSlow #BuyNowPayLater #AseanFintechGroup #Shopppers #Merchants