Top-rated consumer finance app, BillEase, and the largest mall chain in the Philippines, SM Supermalls, recently signed a partnership agreement that aims to provide Buy Now, Pay Later (BNPL) or installment payment option for its tenant partners and shoppers.
BillEase shared that this groundbreaking partnership will revolutionize the local shopping experience by paying installment without the need for credit card, which will eventually strengthen the purchasing power of Filipino shoppers.
With over 80 SM Supermalls across the Philippines, the partnership is expected to drive foot traffic and increase consumer spending, as tenant partners are now given the opportunity to offer their shoppers three (3) cardless installment options by simply scanning the BillEase QR Code at their counter:
- Pay Later in 10 or 20 days for small-ticket purchases;
- Pay in 4 installments for medium-ticket purchases; and
- Pay Monthly in 3, 6, 9, or 12 months for big-ticket purchases, with interest rates between 0% and 3.49% – the lowest rate in the country today.
Jose Fernandez, Chief Marketing Officer of BillEase, underscored the compelling edges for businesses to join their innovative platform that boasts millions of active users spanning diverse market segments.
“Our mission at BillEase is to make financial services more accessible and convenient for everyone. We are excited to partner with SM Supermalls, a true industry leader, to offer its tenant partners and shoppers a new level of flexibility and convenience. Together, we aim to create a unique and frictionless shopping experience that empowers shoppers to buy their dream purchases and pay on their own terms,” said Fernandez.
Joaquin San Agustin, SVP for Marketing of SM Supermalls, emphasized the key impact of this collaboration for both their tenant partners and shoppers.
“SM Supermalls has always been at the forefront of innovation in the shopping industry. By partnering with BillEase, we are taking another significant step towards providing our shoppers with an unparalleled shopping experience. This collaboration will not only make shopping more convenient, accessible, and enjoyable for Filipinos from all walks of life but will also contribute to the economic growth of the country by giving our tenant partners the access to offer installment payments,” said San Agustin.
Download BillEase app for free now: https://billease.onelink.me/840I/billeasepr
ABOUT BILLEASE
BillEase is the top-rated consumer finance app in the Philippines with a focus on expanding access for the emerging middle-income consumers. BillEase is a product-focused fintech company leveraging on machine learning technology in building financial products and global best practices in credit underwriting to meet the needs of unbanked customers in Southeast Asia. BillEase customers have access to a consumer-first finance app that is delightful to use and offers competitive interest rates and deals from over 3,000 merchants in the Philippines.
For more information, visit https://billease.ph or contact Desserie A. Dionio (Corporate Communications) at +63 929 8470 560.
ABOUT SM SUPERMALLS
SM Supermalls is one of Southeast Asia’s biggest developers and the operator of more than 80 malls in the Philippines. With an average foot traffic of 4.2 million daily and over 20,000 tenant partners, SM Supermalls provides family fun experiences as it partners with the best-loved brands and events.
SM Supermalls is owned by SM Prime Holdings, Inc., a publicly-listed company, and is one of the largest integrated property developers in Southeast Asia.
For more information, visit https://www.smsupermalls.com or contact Grace F. Magno (Corporate Marketing) at grace.magno@smsupermalls.com
