‘Buy now, pay later’ solution gains popularity among shoppers in Malaysia 08 Feb 2021 / 09:30 H.
PETALING JAYA: The rise in e-commerce has brought forth “buy now, pay later” (BNPL), an instalment payment solution for businesses and consumers that is gaining traction in Malaysia as most merchants report increased online sales with bigger basket sizes by offering the option.
One such merchant is optical retail chain store Focus Point Holdings Bhd. Focus Point has more than 180 outlets nationwide, including various concept stores. It has embarked on e-commerce, aiming to build an online to offline shopping experience for customers.
Focus Point e-commerce & marketing manager Joey Chun said online sales contributed about 0.8% in Focus Point and saw about 20-30% growth during the movement control order (MCO).