Consumers can now use the buy now, pay later (BNPL) and the card-free installment option to shop for more global brands online. This is after BillEase, a consumer finance app partnered with Alipay+, a global cross-border digital payment and marketing solution.
BillEase is the first Philippine-based BNPL provider to partner with Alipay+. Through the collaboration, BillEase and Alipay+ aim to revolutionize the digital payment landscape through BillEase’s consumer credit solutions. Shoppers in the Philippines with the BillEase app can now use Alipay+ to complete online purchases at global merchants and pay in light and card-free installments through BillEase.
“BillEase brings inclusive financial services to the underbanked and underserved consumers in the Philippines,” said Jia Hang, general manager of Alipay+ Global Partnerships. “This partnership will 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.”
Operated by Ant Group and launched in 2020, Alipay+ provides global cross-border mobile payment solutions which enable merchants, including small and medium-sized businesses, to accept mobile payments.
To date, Alipay+ has reached over 2.5 million global online and offline merchants. Alipay+’s online merchant network includes regional and global digital entertainment providers, lifestyle services, and e-commerce platforms.
“We look forward to working closely with Alipay+ to help BillEase expand its global online merchant coverage,” said Georg Steiger, CEO and co-founder of BillEase. “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.”
Since its launch in 2017, BillEase has now over 2,000 merchant partners. Merchant partners of BillEase can offer shoppers three card-free installment options at checkout: Pay Later in 10 or 20 days and Pay in four installments for small-to-medium ticket purchases, and Pay Monthly over three, six, nine, or 12 months for big purchases 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.