Singapore-based Pace Enterprise (Pace), a FinTech solutions company with a ‘Buy Now Pay Later’ (BNPL) platform, announced on Thursday an exclusive partnership with Shangri-La Hotels and Resorts, to offer its BNPL payment option at participating hotels across Malaysia.
With Pace’s BNPL payment infrastructure integrated into Shangri-La’s point-of-sale systems, hotel guests and patrons can split their payments over three months, interest-free. The new payment option encompasses services available within the establishment, including hotel stays, dining, as well as wellness services, such as massages or spas.
To make a payment, guests or patrons will simply need to choose and complete the transaction using the Pace mobile app at any Shangri-La payment terminals. New Pace users will need to register for an account before they can make any payments. Pace users can also enjoy exclusive offers and discounts for various Pace merchants.
“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.
“In time for a rebound in travel and tourism, we are looking forward to supporting it by providing flexible payment solutions,” said Turochas “T” Fuad, Pace’s Founder and CEO.
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, Pace has over 5,000 points-of-sale across the Asia region and is on track to meet its goal of 1 million users by the end of 2022. Pace also aims to have an annualized Gross Merchandise Value (GMV) of $1 billion by end 2022.
Featured image credits: Shangri-La