- BillEase, a leading Philippine BNPL provider, partnered with Razer Fintech to offer installment plans to Razer’s merchant network.
- The collaboration combines BillEase’s fast-growing BNPL business with Razer’s extensive southeast Asian merchant base.
- BNPL spending in the Philippines is projected to reach $900M by 2026 amid ecommerce growth.
The collaboration
BillEase, a leading buy now, pay later (BNPL) provider in the Philippines, has announced a new partnership with Razer Fintech, the financial technology arm of gaming brand Razer.
The collaboration will see BillEase provide flexible BNPL payment options to merchants using Razer’s payment services.
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Empowering Razer Merchant services
Under the agreement, clients of Razer Merchant Services will be empowered to offer BillEase’s installment plans to customers at checkout.
These card-free plans allow shoppers to pay for purchases in installments over 10-20 days or over several months, interest-free.
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Growth and impact
The partnership aims to foster growth and financial inclusion within the e-commerce sector.
BillEase has seen rapid growth since its launch in 2017. The BNPL firm doubled its annual recurring revenue to $60 million in 2022.
Meanwhile, Razer Fintech processed over $6 billion in total payment volume last financial year. The collaboration combines BillEase’s fast-growing BNPL business and Razer’s extensive merchant network across Southeast Asia.
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BNPL has gained popularity across the Philippines and Southeast Asia. The partnership demonstrates both companies’ commitment to expanding flexible payment options.
Statista projects BNPL spending in the Philippines will reach $900 million by 2026, a nine-fold increase from 2021.
The collaboration is timely as more merchants look to offer installment payment plans amid growth in e-commerce.
