, APAC
Photo by Cytonn Photography via Unsplash.

Standard Chartered teams up with Visa to offer BNPL to cardholders

They can now split purchase repayments for up to a 36-month period.

Standard Chartered and Visa have inked a regional partnership to deliver instalment payment options, including buy now pay later (BNPL), to the bank’s Visa cardholders in the Asia Pacific.

With the Visa Instalment Solution, cardholders can now choose to split purchase repayments into equal monthly payments. These repayments are typically interest free, and may be spread out over a 36-month period.

Cardholders can opt to avail of the BNPL option at the point of purchase at participating in-store or e-commerce merchants in Malaysia. Services will be rolled out in Singapore by 2024, and more markets will be added in due course.

In a study, Visa noted that consumers preferred to use instalment options to buy personal electronics, household electronics, luxury goods, personal shopping and furniture. 

Options offered by banks and credit cards were most popular, followed by non-bank players such as retailers and BNPL brands.

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!