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Singtel Dash stretches out with Buy Now, Pay Later feature in partnership with Zip

By Liu Hongzuo - on 10 Feb 2022, 2:37pm

Singtel Dash stretches out with Buy Now, Pay Later feature in partnership with Zip

Singtel's Dash partners Zip to give customers more payment options (Photo credit Singtel).

The Singtel Dash mobile e-wallet now comes with Buy Now, Pay Later (BNPL) features, in light of its new partnership with Zip.

Singtel today announced that its Dash users and customers can now use Zip’s Pay Later services for in-store and online purchases, giving Singtel Dash wallets the flexibility to pay immediately, or to pay later.

Compatible merchants at launch include Klook, Omnidesk, OSIM, and of course, Singtel. Zip’s BNPL scheme offers four interest-free installments across six weeks.

Zip will also be rolling out more payment schemes, to expand its payment flexibility terms. The firm will also onboard another 2,000 merchants through partnership agreements, to widen its versatility. Some of the upcoming partners include the likes of AsiaPay, Razer Merchant Services, and HitPay.

“Many of our customers want greater choice and control over managing their finances and our partnership with Zip provides just that with an alternative payment method that is transparent and flexible. This collaboration adds to Dash’s rapidly growing financial services business and we are working on expanding our suite of financial products and services to meet our customers’ diverse needs,” said Mr Gilbert Chuah, Head of Financial and Lifestyle Services at Consumer Singapore, Singtel.

Singtel Dash customers can enable the option in their Singtel Dash app after setting up a Zip account through Dash.

Buy Now, Pay Later is a payment method that allows consumers to purchase goods and service now, and make their payments in part or in full at a later time. On paper, it sounds simple and nice to have, but it’s a payment method that attracts plenty of attention from regulators, fintech firms, and financial institutions, in part due to the risks it may pose to household indebtedness.

Source: Singtel Dash

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