A retail finance scheme backed by some of the best known brands in the business has made the purchase of consumer electronics and items of the kind convenient and worry-free.
In a strategic collaboration, consumer finance app BillEase partnered with the online shop of global tech leader Samsung Electronics, making possible cardless installment options at checkout, including the Pay Later feature which allows deferred payments of 10 or 20 days.
For modest purchases, customers can pay in four easy installments, and for larger ticket items, a monthly scheme allows spreading payments over three to 12 months with low-interest rates from zero percent to 3.49 percent – the most competitive in the country.
“BillEase remains committed to providing consumers with simple and transparent financial solutions,” said Kurt Molina, head of Merchant Products at BillEase.
“We’re excited to leverage our financial solutions and business model in collaboration with Samsung to democratize access to the latest high-quality tech products.”
Noel Estacio, head of Online Business for Samsung Electronics Philippines, highlighted the importance of the partnership.
“Our goal is always for more Filipinos to enjoy Samsung technology, and flexible financing options is a way to achieve that – especially since we are celebrating 25 years of Samsung in the Philippines this year. By offering a variety of payment plans, this collaboration provides Filipinos with the freedom to choose a payment option that best fits their budget and lifestyle.”
Soma Ramasamy, CEO and co-founder of OpenFabric, said that at OpenFabric “we ensure that payment methods like BillEase and merchants like Samsung can get the simplest and fastest integration possible, and focus their energies on driving consumer purchases.
Through this integration, Samsung customers will benefit from being able to pay with BillEase, a leader in BNPL payments in the Philippines.”
According to researchandmarkets.com, the use of BNPL payment in the Philippines is projected to experience a consistent increase. The findings indicate a compound annual growth rate of 50.9 percent from 2022 to 2028.
