eWallet Guide

Sources: Grab , Touch 'N Go , Setel
eWallet guide information updated as of 12/11/2024

 

PayLater By GrabPay

GrabPay provides 2 PayLater payment methods – PayLater Instalments and PayLater Postpaid via Grab e-wallet. Once you've activated PayLater, you'll be entitled to both PayLater Instalments and Postpaid.

PayLater Instalments is a payment method for you to spread your online shopping bill into 4 interest-free monthly instalments. Your monthly instalments will be deducted automatically from your GrabPay balance or a linked card.

PayLater Postpaid allows you to consolidate payments for Grab services (e.g. rides, food, and deliveries) and purchases from online partners on a monthly basis, interest-free. At the end of the month, your transactions will be consolidated into a single bill that you can settle using your GrabPay balance before the due date.

To ensure safe spending practices, you will be assigned a unique PayLater Amount based on your user profile and payment practices and it is subject to change from time to time. This means, the longer you have been using PayLater and the more orders you have successfully repaid according to your payment schedule, the more likely you will be able to spend more.

  • Available amount is the maximum amount you are allowed to spend across Postpaid and Instalments and is the same amount as your Instalment Available Amount.
  • Instalments available amount is the maximum amount you are allowed to use for Instalments purchases and is the same as your Total Amount.
  • Postpaid available amount is a subset of your Instalments available amount.

Instalments available amount is not transferable for Postpaid use.

This means, for example, you may be granted $1500 for Instalments and $500 for Postpaid, your Available amount will reflect as $1500, which is the higher amount of the two. If you spend $500 using Postpaid, you will be left with $1000 for Instalments and $0 for Postpaid. The $1000 allocated to Instalments is not transferable to Postpaid.

    For More info: <Click Here> 


    Source: PayLater By Grab  
    PayLater guide information updated as of 27/6/2021








    Atome (BNPL)

    Atome is a "buy now, pay later" (BNPL) service that allows users to split their bill into multiple payments:

    How it works
    Users can choose to pay in three interest-free installments, or opt for more time with a small processing fee. Users pay the first installment at the time of purchase, and the remaining installments are due at specified intervals.

    Where to use it
    Atome can be used at thousands of online and in-store retailers, and users can pay by scanning an Atome QR code or selecting Atome as a payment option on a merchant's website, including ALL IT webstore.

    Features
    Atome offers a mobile app that allows users to track payments and earn rewards. The Atome+ program allows users to earn points that can be redeemed for rewards, cashback, or in-app games.  

    For more info: <Click Here>


    Source: Atome
    Atome guide information updated as of 12/11/2024

     

    SPaylater By Shopee

    SPayLater is a payment service from Shopee that allows users to buy items now and pay for them later in installments:

    How it works
    Users can select SPayLater as their payment option during checkout, then confirm their choice and place their order. They can then repay the balance in installments over a period of 1–12 months.

    Features
    SPayLater offers a variety of features, including:
    No down payment: Users can check out without making an upfront payment.

    Flexible repayment plans: Users can choose to repay their balance over 1–12 months.

    Credit limit: Users can have a credit limit of RM2,500–RM10,000.

    Monthly interest: Monthly interest ranges from 1–5% for items.

    Shariah compliant
    SPayLater is certified as Shariah compliant by Amanie Advisors.

    Returns and refunds
    Users can request a return or refund within 3 working days of the order being delivered. Once the refund is processed, the credit limit will be restored within 5 working days.

    To use SPayLater, users can:
    Visit the store and scan the DuitNow QR with ShopeePay.
    Enter the payment amount and click "Next".
    Select SPayLater as the payment method.
    Choose the preferred tenure months.
    Click "Pay Now" to complete the transaction.

    For more info: <Click Here>


    Source: SPayLater
    SPayLater guide information updated as of 12/11/2024