Shangri-La Hotels and Resorts has enlisted the services of Singapore-based ‘Buy Now Pay Later’ (BNPL) platform Pace to introduce BNPL offerings at its participating hotels across Malaysia.
The exclusive partnership will allow hotel guests the option to split their payments over three months, interest-free, available within the establishment, including hotel stays, dining, as well as wellness services, such as massages or spas.
"With Pace's BNPL solution, we can offer a wider range of payment solutions and allow our guests to enjoy much-deserved rest and relaxation with the Shangri-La experience in a flexible and convenient manner," said Katie Roberts, Director of Marketing, Malaysia.
Pace’s Founder and CEO Turochas “T” Fuad also commented on the fintech’s excitement in providing flexible payment solutions in time for a rebound in travel and tourism.
With this payment option, patrons will only need to choose and complete the transaction via the Pace mobile app at any of Shangri-La's payment terminals.Users can also enjoy exclusive offers and discounts for various Pace merchants.
Pace is currently available at Shangri-La Hotels and Resorts in Malaysia for over-the-counter payments only and for Malaysia, Singapore, Thailand and Hong Kong Card holders.
To date, the company has over 5,000 points-of-sale across Asia and is on track to meet its goal of one million users by year end. Pace also aims to have an annualised Gross Merchandise Value (GMV) of US$1 billion by the end of 2022.