Singtel and global Buy Now, Pay Later player Zip launches Zip’s Pay Later service in Singapore on the Dash app. This alternative payment option allows Dash customers the flexibility to choose between paying for purchases in-store or online immediately with Dash or paying later with Zip. Participating merchants include Klook, Omnidesk, OSIM and Singtel. Customers have to set up a Zip account through the Dash app before using the Pay Later service.
Zip’s current payment scheme offers four interest-free instalments across six weeks. Over the next six months, Zip will roll out more payment schemes. It will also bring on board over 2,000 merchants through partner agreements with AsiaPay, Razer Merchant Services and HitPay.
My Larry Diamond, CEO and Co-founder of Zip shares that this partnership is consistent with Zip’s strategy to build a truly global Buy Now Pay Later business that supports regional and global partners operating in multiple markets. Zip’s move into Singapore. is an opportunity to tap into the country’s growing BNPL market and expand its presence in the South East Asian region following its strategic investment in BNPL provider TendoPay in the Philippines.
“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.”
Mr Gilbert Chuah, Head of Financial and Lifestyle Services at Consumer Singapore, Singtel
