From left: Group chief marketing officer Abdul Sani Abdul Murad, group managing director/group chief executive officer Datuk Mohd Rashid Mohamad, managing director, group community banking Jeffrey Ng Eow Oo and RHB Banking Group head, consumer finance Sien Vee Loc.
KUALA LUMPUR: RHB Banking Group has introduced RHB PayLater, Malaysia's first Buy Now, Pay Later (BNPL) linked to debit cards.
The bank, in a statement, said the innovative solution offers customers interest-free instalment plans, promoting financial flexibility and responsible spending.
RHB PayLater uses transaction behaviour to determine eligibility, setting a new standard for inclusive and ethical payment options.
Group CEO Datuk Mohd Rashid Mohamad said RHB PayLater demonstrated the bank's commitment to reshaping the financial landscape with responsible innovation.
“By introducing this seamless and accessible solution, we empower customers to make smarter financial decisions while enjoying greater convenience and flexibility. This initiative is not just about providing a payment option – it’s about fostering financial resilience, rewarding loyalty, and contributing to sustainable growth for individuals and communities.
“With RHB PayLater, we are delivering on our promise to offer value-driven solutions that adapt to our customers’ evolving needs,” Mohd Rashid said.
According to the bank, RHB PayLater provides easy access based on customer behaviour, flexible payment options, and the ability to shop affordably at over 1,000 outlets, offering greater financial flexibility.
RHB said the RHB PayLater offers a simple, modern alternative to credit cards, helping people, even those without credit cards, manage their finances and spend more mindfully with ease.
