Singtel to Offer Zip’s BNPL Service Through Its Dash Appby Fintech News Singapore February 11, 2022
Singtel is set to launch Australian Buy Now, Pay Later (BNPL) player Zip’s service on its Dash app in Singapore.
This new service provides an alternate payment option for Dash customers, giving them the flexibility to choose between paying for their purchases immediately or paying later with Zip.
Dash customers can use Zip’s BNPL service for in-store or online purchases from merchants such as Klook, Omnidesk, OSIM and Singtel.
Zip’s current payment scheme offers four interest free instalments across six weeks.
Customers will be able to use the BNPL service once they have to set up a Zip account through the Dash app.
Over the next six months, Zip will be rolling out more payment schemes and bringing on board more than 2,000 merchants through partner agreements with AsiaPay, Razer Merchant Services and HitPay.
Gilbert Chuah, Head of Financial and Lifestyle Services at Consumer Singapore at Singtel said,
“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.”
Larry Diamond, CEO and Co-Founder of Zip said,
“We are thrilled to be launching in Singapore through an exclusive partnership with Singtel Dash, one of the country’s most widely-used mobile apps for everyday financial and lifestyle needs.
Our move into Singapore is an opportunity for us to tap into the country’s growing BNPL market and expand our presence in the South East Asian region following our strategic investment in BNPL provider TendoPay in the Philippines.”